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Bitcoin, ether on track for a positive February despite mid-month drop and fading 2023 risk rally
Bitcoin and ether are on pace for a modest February win, even after suffering a big drop earlier in the month. Bitcoin had eked out a 0.2% gain for the month by 4:15 p.m. ET, according to Coin Metrics. In January bitcoin posted a 38% rise and its best month since 2021. Meanwhile, ether had risen higher by 1.7%,…
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Bitcoin’s 2023 rally gathers steam as cryptocurrency briefly tops $23,000
Bitcoin had a tough 2022. Now investors are looking toward 2023 with caution when it comes to cryptocurrencies.
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Bitcoin drops below $20,000 as crypto selloff quickens
The price of bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. NEW YORK — The price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is…
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Bitcoin Price Outlook for June — Market Conditions Show Uncertainty
Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in…
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Bitcoin Is Increasingly Acting Like Just Another Tech Stock
The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks. SAN FRANCISCO — Bitcoin was conceived more than a decade ago as “digital gold,” a long-term store of value that would resist broader economic trends and provide a hedge against inflation. But Bitcoin’s crashing price over the last month shows that vision…