BTC price briefly fell below $20,000 and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests.
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While Bitcoin and Ethereum Dominance Slides, Stablecoin Market Caps Reap the Rewards
During the past 30 days, $285 billion has left the crypto economy and bitcoin’s USD value hit a 2022 low at $17,593 per unit on
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Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K
Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs.
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Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation
BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years.
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Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower.
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Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate
Global financial markets and crypto sold off after June 10’s 8.6% CPI print showed inflation remains a persistent challenge.
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