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Benzinga
Benzinga
Business
Benzinga Contributor

US Banks Mixed On Outlook For Crypto

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock< /p>

After Bitcoin (CRYPTO: BTC) rallied almost 40% off the lows, it has shown signs of potential weakness since yesterday’s higher than expected U.S. CPI data was released, as it was rejected off the key $45,500 resistance level. To have more confirmation of continued upside, Bitcoin will need to hold above this key level.

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