Bitcoin Faces A Fourth Rejection Near $87K

23m ago•

Cointribune

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A personified Bitcoin occupies two-thirds of the image, clinging to a gigantic ascending financial ramp. Behind it, the first part of the road rises steeply and remains illuminated in orange, showing the growth already achieved. But ahead, the slope steepens abruptly, becoming almost vertical. Bitcoin attempts to keep going: body leaning forward, face strained, legs under tension. Its foot slips slightly as one hand searches for a new handhold.

Bitcoin posted its best weekly close since January, around 86530 dollars, before failing once again below the 87000 dollar zone. The rise in US Treasury yields and the decline in buying pressure are currently preventing the market from breaking through its annual opening price.

L’article Bitcoin Faces A Fourth Rejection Near $87K est apparu en premier sur Cointribune.

23m ago•

Cointribune

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