Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed? By Cointelegraph
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Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed? (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date.
Investors who keep a close eye on regulatory development were possibly scared after New York state made clear its intention to regulate the crypto industry, including Bitcoin mining.
Continue Reading on Coin Telegraph
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Bitfinex Bitcoin longs hit a record-high, but does that mean BTC has bottomed? (BTC) has been unable to close above $32,000 for the past 28 days, frustrating bulls and pushing the Fear and Greed index to bearish levels below 10. Even with June 6’s small boost, the tech-heavy Nasdaq stock market index is down 24% year-to-date.
Investors who keep a close eye on regulatory development were possibly scared after New York state made clear its intention to regulate the crypto industry, including Bitcoin mining.
Continue Reading on Coin Telegraph
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