Bitcoin on Tuesday suffered its worst daily loss in almost four weeks, all but upending any near-term hopes of a return to last week’s all-time high near $69,000.
In trying to explain the latest sell-off, traders cited U.S.
For example, the relative strength index on the four-hour chart is the most oversold since Oct.
Still, the RSI on the daily chart was neutral as upside momentum continues to wane.
“First Mover” hosts spoke with Barbados Ambassador to the United Arab Emirates Gabriel Abed as the Caribbean country says it will become the first sovereign nation to set up an embassy in the metaverse.
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Damanick is a crypto market analyst at CoinDesk where he writes the daily Market Wrap and provides technical analysis.
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