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Forex News Bitcoin Breaking Below Upward

talalbaig4

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On November 10, 2021, Bitcoin (BTC) reached an all-time high of $68,788 per coin. Since then, the world‘s most valuable cryptocurrency has seen unprecedented volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty. Since January 5, the price of BTC has ranged between $35,000 and $45,000, a relatively narrow range given the currency’s history of fluctuation.

As a result, the markets top digital asset may be entering a long-awaited stabilization period.

The flagship cryptocurrency has yet to reclaim its 2022 high of $47,800, which it reached on January 1 and 2 — three weeks before plummeting to $33,183. While BITCOIN has flirted with the $40,000 mark several times this year, those surges have yet to bear fruit.
 
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