ManuelRD
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Bearish
Bitcoin drops to $121,450 amid a wave of record institutional investment
Cryptocurrency ETFs recorded historic capital inflows during the start of the week, with more than $4.4 billion in six days.
Wall Street banks projected the price for Bitcoin and anticipate year-end closure at record levels. Known in crypto slang as "Uptober", this month is historically good for Bitcoin and the rest of the cryptocurrencies.
(BTC) renewed its all-time high by surpassing $126,000 during the early hours of the day, in a trend that drives the rest of the crypto market, according to Binance.
However, as the day progressed, the leading crypto currency experienced a retreat due to profit-taking and is currently moving at $121,450. A similar story occurred with Ethereum (ETH): it reached $4,700 before retreating to $4,485.
#BTCBreaksATH
#BTC
$BTC
$ETH
Cryptocurrency ETFs recorded historic capital inflows during the start of the week, with more than $4.4 billion in six days.
Wall Street banks projected the price for Bitcoin and anticipate year-end closure at record levels. Known in crypto slang as "Uptober", this month is historically good for Bitcoin and the rest of the cryptocurrencies.
(BTC) renewed its all-time high by surpassing $126,000 during the early hours of the day, in a trend that drives the rest of the crypto market, according to Binance.
However, as the day progressed, the leading crypto currency experienced a retreat due to profit-taking and is currently moving at $121,450. A similar story occurred with Ethereum (ETH): it reached $4,700 before retreating to $4,485.
#BTCBreaksATH
#BTC
$BTC
$ETH
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