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Crypto

Bitcoin and Cryptos Hold Steady Ahead of Key Macro Events

Guavy AI Editorial Team
Instruments
BTC ETH XRP DOGE
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Cryptocurrency markets are holding steady ahead of key macro events that could drive risk-asset sentiment. According to TradingView, Bitcoin is currently trading above $78,000, a price that some traders believe may be a pullback before the next rally.

The spot price of Bitcoin has been influenced by several factors, including the Federal Reserve's interest rate hike and the upcoming passage of the CLARITY Act. Despite these developments, Bitcoin remains bullish, with strong spot buying absorbing heavy selling.

Other cryptocurrencies, such as Ethereum and XRP, are also trading flat, while Dogecoin is eyeing a potential breakout to 10 cents. However, traders caution that this may not be achievable due to supply chain issues.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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