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Source: Cointelegraph News
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Source: Cointelegraph News
Important:
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Source: Cointelegraph News
Important:
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Bitcoin (BTC) continued to fluctuate around its key 200-day moving average price on March 3 as traders expressed mounting concern over traditional markets.
Data from Coin360 and Cointelegraph Markets revealed a less volatile day for BTC/USD on Tuesday, press time levels centering on $8,750.
After gaining 3.2% during trading on Monday, Bitcoin broadly held onto higher levels but had failed to tackle $9,000 resistance. At around $8,800, the 200-day moving average remained a noticeable feature for traders.
While the cryptocurrency slowly added to its gains, stocks and other markets held a dramatic rally as the week began. The Dow Jones, having seen its biggest one-day loss ever last week, subsequently advanced more in a single trading session than during any other in its history.
The progress accompanied bullish sentiment across global markets following news that governments planned to stimulate growth with extra cash in the wake of coronavirus. The United States Federal Reserve is broadly tipped to cut rates significantly in 2020.
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Source: Cointelegraph News
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