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    Home » Bitcoin Skyrockets to 69000 Amidst Last Weeks Turbulence
    Bitcoin

    Bitcoin Skyrockets to 69000 Amidst Last Weeks Turbulence

    By adminOct. 28, 2024No Comments1 Min Read
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    Bitcoin Skyrockets to 69000 Amidst Last Weeks Turbulence
    Bitcoin Skyrockets to 69000 Amidst Last Weeks Turbulence
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    Bicoin managed to break the $69,000 level after experiencing significant price swings last week.
    Last week two major catalysts drove
    Bitcoin’s price
    to $66,000 – the rumours about Tether being
    investigated
    by the U.S. government and Israel’s
    attack
    on Iran’s capital.
    Despite the downturn, Bitcoin surged by 2.36% in the past 24 hours to $69,000, surggesting a trend reversal.
    During this period $100.73 million were
    liquidated
    form the crypto market ($43.04 million in long positions and $57.69 million in shorts).
    READ MORE:


    Analyst Predicts Slower Liquidity Surge for 2025 – What It Means for Markets and Bitcoin
    The 1-day technical analysis from TradingView also shows the bullish sentiment inthe crypto market. The summary and moving averages point to “strong buy” at 17 and 14, respectively, while oscillators show “buy” at 2.
    At the time of writing, BTC has retraced back to around $68,600.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleWorldcoins Plummeting Value Shakes Investor Faith amid Shifting Gains to Losses
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