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BTC Price Dumps Below $60K, SEC Names New Crypto Target, Durov’s Arrest: This Week’s Recap

A lot can change in the cryptocurrency markets within the span of the week. This is what happened to bitcoin and most altcoins since last Friday when BTC soared from around $60,000 to over $64,000 on Saturday after the bullish developments on US soil. Namely, Fed Chair Jerome Powell hinted at incoming interest rate cuts, and RFK endorsed pro-crypto presidential candidate Donald Trump and withdrew his campaign. The weekend for bitcoin was quiet despite the turbulence elsewhere...

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Bitcoin’s $60K Battle Continues But Low Exchange Reserves Offer Hope for Bulls

Bitcoin appears to be struggling to position itself above $60,000. The world’s largest crypto asset by market cap is yet to recover from the fall earlier this week. As a result, its weekly losses compared to the surge last Friday stand at about 10%. However, its reserves on exchanges hitting new lows for the year paints a bullish picture. Bitcoin’s Dwindling Exchange Reserves As per CryptoQuant’s observation, bitcoin’s decrease in reserves suggests reduced selling pressure,...

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