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Market Wrap: Bitcoin Hits $10.4K; Ether Balances on Exchanges Fall to 7-Month Low

Bitcoin was trending upward before losing momentum; ether holders are moving their cryptocurrency off exchanges. Bitcoin (BTC) trading around $10,284 as of 20:00 UTC (4 p.m. ET). Slipping 0.12% over the previous 24 hours.Bitcoin’s 24-hour range: $10,174-$10,488BTC below its 10-day but above 50-day moving averages, a sideway signal for market technicians.Bitcoin

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Bitcoin Could Soon Fall to the $7,000s as Price Loses Pivotal Support

Despite volatility in global stock markets, Bitcoin has remained relatively stagnant over recent days. Case in point: FTX’s BVOL token, which tracks volatility, is reaching all-time lows. Further corroborating this, the Bitcoin Bollinger Bands are at lows not seen since November 2018, just days before the 50% crash to the $3,000s. Yet

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