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Crypto: Fear Lingers, But the Market Holds

Crypto: Fear Lingers, But the Market Holds

Fig. 3. BTC is forming another rebound from recent support levels. Source: FxPro

Bitcoin is trading at $67,700, up around 1% since the start of the day, though it remains below the 50-day moving average. At the same time, BTC is forming another bounce off the upward support line running through the lows of the last two months.

Crypto News

According to CoinShares, global investment in crypto funds fell by $414 million last week — the first decline since late February. The outflow affected leading assets: investments in Bitcoin fell by $194 million, in Ethereum by $222 million, and in Solana by $12 million. The exception was XRP, which attracted $16 million.

CoinShares analysts attribute the first outflow in five weeks to the escalation…

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