The past week hasn’t been so favorable for the cryptocurrency market, the capitalization of which dropped below $2 trillion once again. This is likely to have to do with the global macro tensions between Ukraine and Russia. But let’s start with Bitcoin.
This happened as it failed to successfully overcome the resistance at $44K, despite attempting to do so a few times and even consolidating around that level for a bit. The bull’s indecision resulted in a sell-off that saw BTC lose about $4K in a couple of days.
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Source: Cointelegraph - 🏆 562. / 51 Read more »