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Bitcoin takes one other look above $70,000 to begin the week

Bitcoin (BTC/USD) every day chart (Coinbase)

After a quick dip beneath $68,000 in earlier within the day, Bitcoin is now racing to contemporary report highs above the $70,000 mark. The cryptocurrency took a take a look at the important thing degree on Friday and over the weekend however consumers held again. Nevertheless, as we get into the brand new week, it seems just like the bids are piling again in once more now.

It has been a panoramic run for the reason that post-ETF fallout in late January for Bitcoin. The drop then was arrested by the 100-day transferring common (crimson line) just under the $40,000 mark and it has since rallied by over 75%.

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