The relative strength index of Bitcoin has significantly fallen below 30, marking its most pronounced oversold reading since March 2020.
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During this campaign season, politicians are increasingly focusing on cryptocurrency, as evident from a series of bitcoin-related statements and policy announcements. Even those who have been skeptical of crypto should take note, as appearing anti-innovation could be detrimental. This narrative is featured as part of CoinDesk's Mining Week 2023.
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The suggested agreement satisfies the SEC's request for a temporary restraining order, pending approval from the judiciary.
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