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Bitcoin Slides as Curve DeFi Fears Rock Crypto Sentiment
linkweb3
2023-08-01
3575
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Summary：and other cryptocurrencies fell Tuesday as fears over the Curve decentralized finance platform rocked sentiment for digital assets, with key price levels at risk after recent declines. Bitcoin is now firmly below its 50-day moving average, which bodes ill for prices from a technical market perspective. “The minor breakdown increases risk to next support at the rising 200-day moving average around $26,700,” said Katie Stockton, managing partner at technical research firm Fairlead Strategist.
and other cryptocurrencies fell Tuesday as fears over the Curve decentralized finance platform rocked sentiment for digital assets, with key price levels at risk after recent declines. Bitcoin is now firmly below its 50-day moving average, which bodes ill for prices from a technical market perspective. “The minor breakdown increases risk to next support at the rising 200-day moving average around $26,700,” said Katie Stockton, managing partner at technical research firm Fairlead Strategist.
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