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Bitcoin Defeats Final Resistance

Bitcoin (BTC) briefly hit $60,000 on April 2 in the latest installment of its slow grind back to all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price taps $60,000 TradingView showed bullish tendencies remaining overnight for BTC/USD, with local highs of $60,110 on Bitstamp. A correction brought the pair …

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Oil Retreats below $65 as DXY keeps climbing

oil price drops

Oil retreated for a third day to trade below $65 a barrel, with a firmer dollar capping prices. West Texas Intermediate fell 1.5%, while Brent also dropped. On Monday, WTI’s nearest timespread slipped into a bearish contango structure, signaling a short-term oversupply, though the rest of the curve remains in …

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Bitcoin’s market cycle peak is close

There’s never a bad time to buy bitcoin, but some times are better than others. It’s more about knowing the risks and opportunities and making a decision that feels good to you. What’s your timeframe? Tolerance for risk? Mindset? What do you want to get out of the market? Even …

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Bitcoin Futures open interest hits new ATH

With BTC again edging toward all-time highs, a large volume of money is flowing into the Bitcoin derivatives markets. According to crypto market data aggregator Glassnode, outstanding futures contracts pushed into new all-time highs on March 11, with open interest across exchanges approaching $20 More capital is flowing into the …

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Oil Price Consolidates, While Gold Rebounds

Having retraced nearly 50% of last week’s rally, oil markets rose modestly overnight, as both Brent and WTI consolidate recent gains. The official US crude inventory data show massive swings in inventories, gasoline and distillate volumes, but clearly impacted by the Texas deep freeze, gave no clear directional signal to the markets. Brent crude …

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