Bitcoin is trading at 12.5% higher in South Korea than in other markets, while gold prices climb to quarterly highs.
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Bitcoin is trading at 12.5% higher in South Korea than in other markets, while gold prices climb to quarterly highs.
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Bank of America noted that trades identified as “crowded” have historically been associated with incoming market tops.
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CEO Michael Saylor has used the latest price correction as an opportunity to load up on more BTC.
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The ongoing Bitcoin price correction draws a comparison with the March 2020 crash — with one big difference.
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COIN, MARA, RIOT and other blockchain-related stocks continue to slide as Bitcoin struggles to hold above $43,000.
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Traders are afraid another Black Thursday crash is on the cards, but derivatives data proves the current correction has no resemblance to the March 2020 pullback.
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Investment strategist Raoul Pal suggested traders should probably buy the Bitcoin dip as price crashes to two-month lows.
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Transaction fees are falling rapidly on Bitcoin and Ethereum, as the coin prices of both recede from recent peaks.
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After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market.
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