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Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
At the closing bell, the S&P, Dow, and Nasdaq all finished in the green up 0.86%, 1.22%, and 0.51%, respectively.) price was climbing higher before the court ruling on Coinbase was announced, topping out near $71,815 before the negative judgment led to a sell-off that saw the top crypto’s price hit a low of $68,415.“Bitcoin seems ready to teleport higher as it breaks the flag pattern from the head fake at the ATHs. Blue sky is an accelerant for bull markets.
While Wednesday’s price action resulted in Bitcoin falling to the lower end of its current trading range, bulls haven’t relinquished control of support at $68,000 yet, and if they can manage to break above resistance at $72,000, Cubic Analytics founder Caleb Franzen said $83,000 could be the next stop.
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