Bitcoin fails to surpass $71K this week

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New Web Hosting Pioneer Emerges, Offering Affordable Hosting Solutions Coupled with…The cryptocurrency market is up 0.3% in 24 hours to $2.66 trillion, but it’s not due to reduced volatility. Bitcoin and Ethereum are trading close to the previous day’s levels. Among the top coins, Doge and BNB are the best performers. At the other end of the spectrum are Avalanche and Toncoin .

Bitcoin has thus found strong resistance, preventing the bulls from launching an offensive. The caution in this case is due to the non-trading days in the US and UK, which greatly reduce the activity of institutional traders. The $69.5K and $68.5K levels attract our increased attention. Without significant support from buyers there, the correction could become more global.

According to Bitwise, a few asset managers have already allocated 3% of client funds to the first cryptocurrency, and many are ready to do so soon.

 

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