Bitcoin heading towards $60k today. This will be a line if defense it must hold. If if does not, 4 year cycle theory gets shaken and new patter images.
Bitcoin's Getting Slammed Again As Number-One Cryptocurrency Loses Over $2,000
Bitcoin was getting hammered on Wednesday, with the leading cryptocurrency shedding nearly $2,000 of value.Bitcoin was trading down 3%, or $1,916, to $66,812.The decline came ahead of the release of key U.S. payrolls data, which will be followed two days later by the CPI inflation report."The broader picture remains consolidation-driven, rather than trend-driven, as investors wait for clarity on inflation and rates," said analysts at Saxo Bank.They did point out, however, that the exchange-traded iShares Bitcoin Trust IBIT and iShares Ethereum Trust ETHA saw inflows on Tuesday. "This combination points to selective engagement rather than broad capitulation.". Shares of Coinbase Global , the crypto trading platform, were down more than 3% in premarket trading, while shares of Strategy , the digital asset treasury company, fell nearly 3%.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The
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