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Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the 'Pullback Is Over'

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Bitcoin completed its correction by rebounding from $60,000 Wednesday and targeting"much higher levels" in the next phase of the uptrend, Swissblock analyst said.slid lower Thursday amid a stronger U.S. dollar, giving up some of the advances from Wednesday's spectacular bounce spurred by a dovish tone from the Federal Reserve.

The U.S. dollar index , which measures the U.S. dollar's strength against other major currencies and a stronger dollar usually weighs on asset prices.

 

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Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision RiskKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
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