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Home Bitcoin

Why is Bitcoin price stuck?

22.05.2023
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Bitcoin is a volatile asset but BTC price can get stuck inside narrow trading ranges for week, if not months for multiple reasons.

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Highlights

Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed

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Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields

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Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed

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Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

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