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After Two Red Weeks, Bitcoin Is Nearly As Oversold As In March 2020

Bitcoin closed the week with the second-largest red candle in its entire history, testing lows near the $47k price zone following an ATH of $64K recorded in the previous week. Overall, this was a tough week for markets across the board. From stocks to cryptocurrencies, traders experienced an episode of collective panic marked by the rumor that Joe Biden would be preparing a bill to increase capital gains taxes by almost 100% for all those generating more than $1 million in profits. BTC Registers Its Second-Largest Red Candelstick Ever The news caused a widespread drop in the most important financial…

Continue Reading After Two Red Weeks, Bitcoin Is Nearly As Oversold As In March 2020

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