CandleFocus Will Bitcoin Rebound to $68K Despite Tether Scrutiny?
2024-10-26
Author: Content Editor
The global crypto market experienced a dip after reports of an investigation into Tether by U.S. authorities. Bitcoin fell by 5%, leading to a decrease in daily trading volume and liquidations in the crypto derivatives market. Reports of geopolitical tensions also added to the market's unease. Despite these setbacks, Bitcoin's weekly performance only saw a modest decline of 2%, and it is still up 5% for the month. Technical analysis suggests increased volatility and a neutral market position, with potential for slight upward momentum if resistance levels are broken.
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