Bitcoin prices have temporarily halted, finding support at the $30,000 level.
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Traders latest news, image, analysis about Traders Bitcoin prices have temporarily halted, finding support at the $30,000 level.
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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.
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The trend indicators from CoinCryptoUs Indices are indicating a downward movement for both bitcoin and ether.
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Lesser-known altcoins experienced a robust week while bitcoin and ether grappled with macroeconomic challenges.
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Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.
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While longer-term investors continue to hold their positions with resilience, the reduction of holdings by Bitcoin super whales demands attention.
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Bitcoin and Ether experienced a surge in value following mildly favorable inflation data, but then declined in response to rumors of a U.S. government sell-off of BTC. However, the cryptocurrencies rebounded as investors disregarded the market upheaval.
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After a slightly higher than expected jobless claims report, the top two cryptocurrencies by market capitalization remained relatively stable, indicating a minor cooling in the job market.
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The top two cryptocurrencies in terms of market capitalization responded positively to a decrease in job vacancies.
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Bitcoin's past performance indicates that a slight uptick in price often follows a period of decreasing momentum.
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