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The recent upward trend in the price of bitcoin is sparking a lot of conversations about cryptocurrencies, risky assets, and inflation. As the US Consumer Price Index (CPI) raises global hopes, investors are jumping into the crypto market to bet on Bitcoin’s future trajectory.
Ethereum’s price moved in unison with its Bitcoin counterpart, returning 7% of lost market value to investors. On December 13, the bulls broke through a descending trendline that has served as resistance three times since December 2. A classic technical analysis concept applied perfectly to the price action of ETH as “the fourth touch in the trend” solidified the gains of the bulls in the market.
FTX brought the whole crypto market down when it ended. Its former leader, Sam Bankman-Fried, promised honesty, but the same sentiment is apparently not shared by law. Therefore, the authorities are now taking action against the former managing director of the bankrupt stock exchange. The collapse of FTX has been blamed on Sam Bankman-Fried by the community and top law enforcement officials.
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Sources 2/ https://news.google.com/__i/rss/rd/articles/CBMiiQFodHRwczovL3d3dy5meHN0cmVldC5jb20vY3J5cHRvY3VycmVuY2llcy9uZXdzL2NyeXB0b2N1cnJlbmNpZXMtcHJpY2UtcHJlZGljdGlvbi1iaXRjb2luLWV0aGVyZXVtLWZ0dC1hc2lhbi13cmFwLTE0LWRlY2VtYmVyLTIwMjIxMjE0MDIwNdIBjQFodHRwczovL3d3dy5meHN0cmVldC5jb20vYW1wL2NyeXB0b2N1cnJlbmNpZXMvbmV3cy9jcnlwdG9jdXJyZW5jaWVzLXByaWNlLXByZWRpY3Rpb24tYml0Y29pbi1ldGhlcmV1bS1mdHQtYXNpYW4td3JhcC0xNC1kZWNlbWJlci0yMDIyMTIxNDAyMDU?oc=5 The mention sources can contact us to remove/changing this article |
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