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Crypto

Bitcoin Price Coils Near $76,500 as US Stocks Rebound

Guavy AI Editorial Team
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BTC
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The Bitcoin price coiled near $76,500 after Thursday's Wall Street open as investors reacted to the US Federal Reserve's 0.25% interest-rate hike.

US stocks rebounded from their recent dip, with the Nasdaq Composite Index gaining 1.5%, and analysis saw upside continuation for Bitcoin's price trend.

CryptoQuant's Bull Score Index, which tracks macro conditions, circled 60/100 on Thursday, indicating a bullish slant on market conditions.

Data from TradingView showed that BTC price volatility was cooling over the last 24 hours, with only modest moves to take nearby liquidity.

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