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On Aug. 16, Bitcoin closed below $29,000 for the first time in 56 days. Analysts quickly pointed to this week’s Federal Open Market Committee minutes, which expressed concerns about inflation and the need to increase interest rates, as the likely cause.Despite the immediate reasons for the drop, the upcoming $580
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Bitcoin (BTC) targeted two-month lows on Aug. 17 as United States inflation returned to spook cryptocurrencymarkets.BTC/USD 1-hour chart. Source: TradingViewBTC price teases exit from months-long corridorData from Cointelegraph Markets Pro and TradingView confirmed the lowest BTC price levels since June 21 as BTC/USD wicked to $28,300.The downside came after the
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Bitcoin price is moving lower below $29,500. BTC could start a fresh increase if there is a close above the $30,000 resistance
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Bitcoin price is recovering higher from the $29,000 support. BTC could revisit the key $29,700 resistance zone in the coming sessions. Bitcoin is slowly moving higher above the $29,200 and $29,300 levels. The price is trading above $29,300 and the 100 hourly Simple moving average. There was a break below a key bearish
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Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations.BTC/USD 1-hour chart. Source: TradingViewFed's "preferred" inflation metric points to waning pressureData from Cointelegraph Markets Pro and TradingView showed BTC price action getting only a modest boost from the Personal Consumption Expenditures
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Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets. Original Source
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With a total of 111 million outstanding shares, Cava’s valuations stand at $2.45 billion at a price of $22 per share. On Wednesday, June 14, Cava – the Mediterranean fast-casual restaurant chain – priced its initial public offering (IPO) at $22 per share, much above the previously stated range. Cava said
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The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector. The price of Bitcoin (BTC) seems to have stabilized as the world’s largest cryptocurrency by market cap recovers from recent volatility. Throughout last week, Bitcoin was unstable following regulatory issues that
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The range, or the difference between the high and the low reached in the seven days to May 21, was 3.4%. That's one of the narrowest in the past three years and comparable to lackluster trading seen at the start of the year, for a brief moment last month and
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The total value locked in decentralized finance (defi) has descended below the $50 billion range after reaching a 2023 high of $53.63 billion on April 14. This shift has been felt across the board with the top 18 defi protocols recording losses during the past seven days, and the largest
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