via Cointelegraph · By Cointelegraph Staff
Bitcoin Slides Under $79K on Macro Fears: Is a Rebound Around the Corner?
BTC/USDT
$8,078,470,280.21
$63,461.99 / $62,328.24
Change: $1,133.75 (1.82%)
+0.0019%
Longs pay
Bitcoin (BTC) faced a sharp contraction on Friday following a rejection at $82,000 the prior day. Recent price movements closely resembled the US small-capitalization stock index, hinting that macroeconomic factors are the leading drivers behind the nosedive below $79,000.
The anxiety sparked a sell-off in fixed-income markets. Counterintuitively, this may help Bitcoin embark on a sustained…
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