Bitcoin hints at $1T market cap retest after price hitting 4-month highs
A day of gains looks increasingly in jeopardy as shaky support levels provide fertile ground for fresh volatility. Bitcoin (BTC) took a trip below $54,000 during Oct. 7 as traders waited to see how far a retracement of Wednesday’s $5,000 gains could go.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC flirts with $1-trillion asset supportData from Cointelegraph Markets Pro and TradingView showed BTC/USD looking decidedly less confident Thursday, down 3% while taking aim at $53,000 — and its $1-trillion market capitalization — before recovering.The pair had hit local highs of....
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