Crypto traders shift their focus to altcoins while Bitcoin price consolidates By Cointelegraph
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Crypto traders shift their focus to altcoins while Bitcoin price consolidates It has been difficult for (BTC) and the cryptocurrency markets to start a strong sustained recovery while the United States dollar is near its multi-year high and the U.S. equities markets are near their June lows. This shows that the sentiment remains negative and traders are not interested in taking on risk in their portfolios.
The U.S. equities markets fell sharply on Oct. 7 following the release of September’s nonfarm payroll data, but they did manage marginal gains for the week. The S&P 500 rose 1.5% and the climbed 0.7% last week. Meanwhile, Bitcoin is on track to finish the week with marginal gains of about 2%.
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Crypto traders shift their focus to altcoins while Bitcoin price consolidates It has been difficult for (BTC) and the cryptocurrency markets to start a strong sustained recovery while the United States dollar is near its multi-year high and the U.S. equities markets are near their June lows. This shows that the sentiment remains negative and traders are not interested in taking on risk in their portfolios.
The U.S. equities markets fell sharply on Oct. 7 following the release of September’s nonfarm payroll data, but they did manage marginal gains for the week. The S&P 500 rose 1.5% and the climbed 0.7% last week. Meanwhile, Bitcoin is on track to finish the week with marginal gains of about 2%.
Continue Reading on Coin Telegraph
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