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Bitcoin Rally Stalls: Analyst Points to Weak Open Interest, CPI Pressure


Bitcoin Rally Stalls: Analyst Points to Weak Open Interest, CPI Pressure

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Bitcoin (BTC) briefly rose to just under $112,000 on Monday before dropping back to about $107,700, suggesting that recent gains may be running out of steam.

The move followed a weekend rebound from below $104,000, but analysts now warn that weak derivatives activity and upcoming U.S. inflation data could bring more turbulence.

Read the article at CryptoPotato

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$ 62.61K

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