Bitcoin faced a pullback below $65,000 in the past 24 hours, a more than 4% decline, after it surpassed $69,000 for the first time in its history during U.S.
As CoinDesk’s David Morris wrote, the deeply indebted Chinese real estate developer has been an important factor to the much broader financial market, crypto included.
Intraday charts are showing initial signs of upside exhaustion, which typically lead to a brief pullback in BTC’s price.
Still, upside momentum signals are improving on the daily price chart for the first time since Oct.
“First Mover” hosts spoke with crypto OG and the founder of MakerDAO – a decentralized credit platform on Ethereum that supports the Dai stablecoin – Rune Christensen.
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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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