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Bitcoin In short, the level of $ 80,000 fell on Monday, dragged by continuous sales pressure in the equity market.
According to the coin matrix, the flagship cryptocurrency was 3% lower at $ 80,185.27. At the lowest level of the day, bitcoin hit $ 79,162.46.
Bitcoin in the last day
Shares of companies associated with Crypto Space also slipped. coincidence Nearly 9%fell. Robin 13%lost, and bitcoin proxy play strategyEast was known as microstrati, 11%declined.
Bitcoin ETFs are coming in a line of outflow in their fourth week. According to Coinsers, he logged in to $ 867 million outflow last week, which was a total of four weeks to $ 4.75 billion. The recession released also reduced Crypto prices over the weekend, Bitcoin fell rapidly for the first time at $ 80,000 for the first time since 28 February.
President Donald Trump signed an executive order to establish an American bitcoin reserve and a digital asset stockpile at the end of last week, disappointing some investors. Although Macro uncertainty was the leading driver of quick downward move on Monday, Trump over the weekend did not reject the possibility of recession in the US.
A crypto-specific catalyst is absent, the prices of criptocaurcy are likely to continue in the near period from macro concerns. This week, the market would be looking for major economic indicators, including the opening of the job on Tuesday and the labor turnover survey (JOLTS), the Consumer Price Index on Wednesday and the manufacturer price index for Thursday.
Although investors hope that cryptocurrency prices are likely to be pulled back even more before scoring a new record, his positive attitude on the year run by the regulator tailwind is still intact.
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