Tuesday, July 27, 2021
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Bitcoin price seeks higher low as trader forecasts $45K breakout within weeks

Bitcoin (BTC) traded steady on July 27 after a surge above $40,000 resulted in higher levels broadly holding.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAll eyes on Bitcoin higher lowsData from Cryptox Markets Pro and TradingView showed BTC/USD hovering near $37,000, around 8.8% below the peak of Monday's gains.Its first trip above

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Institutions continue offloading BTC exposure despite price rebound

Investments in institutional Bitcoin products have continued to decline this past week.In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending July 23. As such, the week saw

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IMF issues veiled warning against El Salvador’s Bitcoin law

The International Monetary Fund is warning that some of the consequences of a country adopting Bitcoin as a national currency “could be dire.”According to IMF marketing department financial counsellor and director Tobias Adrian and legal department general counsel and director Rhoda Weeks-Brown, a cryptocurrency like Bitcoin (BTC) may catch on

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