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Bitcoin breaks support and plunges

Bitcoin had a look at the late-January lows in Asian trading but support held. This time it didn't and it's been a quick plunge lower, falling to $21,950 from $22,500 in minutes.

That has the daily chart looking like this:

That's not a good sign for crypto and ethereum is lagging, down 5% to Bitcoin's 4%. It's also not a good sign for broad risk trades, which have tracked -- and tended to lead -- BTC for much of the past year.

The Nasdaq is down 0.6% today as Google continu... Read More

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Content Topics

Bitcoin

Breaks

Support

Plunges

Forex

Posted: Feb 9 2023, 19:37

Author Name: forexlive

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