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NewsBTC 2020-07-03 11:00:41

BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction

Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session. The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar. S&P 500 remained closed on Friday for the Independence Day holiday. The past 24 hours saw Bitcoin breaking its short-term positive correlation […]

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