Wednesday, September 27, 2023
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What’s Next for Bitcoin (BTC) Prices Amid the Return of U.S. Markets Correlation?

“The positive correlation between cryptocurrencies and the stock market is temporarily back on track,” shared Alex Kuptsikevich, the FxPro senior market analyst, in a note to CryptoX. “Despite the storm in the equity markets, the crypto market remains subdued, losing only 0.3% in 24 hours to $1.045 trillion.” Source

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Prices for Cobalt Used in Electric Vehicle Batteries Crash Following Oversupply from Miners

Prices of cobalt are may remain low for a while as demand from EV and consumer electronics makers are likely to remain lower than supplies. Cobalt hydroxide prices have dropped in response to an increase in supplies from the Democratic Republic of Congo. Cobalt, used commonly to make batteries for electric

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