The relative strength index of Bitcoin has significantly fallen below 30, marking its most pronounced oversold reading since March 2020.
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Cryptocurrency prices experienced a significant surge following the filing of BlackRock's application for a bitcoin ETF. Out of the 149 assets listed in the CoinDesk Market Indices (CMI), an impressive 144 witnessed an upward trajectory throughout the week.173
Also: Bitcoin and volatility share a complex relationship.141
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