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Crypto

Bitcoin Surges Above $80,000 as Risk-On Sentiment Returns

Guavy AI Editorial Team
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BTC MEW
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Bitcoin (BTC) has reclaimed the $80,000 mark, pushing its price above this level as risk-on sentiment returns to the crypto market. This recovery comes after support at $75,000 helped Bitcoin build momentum.

The CFTC's filing of a crypto rulemaking framework with the White House has also contributed to this upward trend, lifting sentiment in the broader crypto market.

Gold (XAU/USD) remains relatively elevated near $4,350 and above both the 50-day and 200-day EMAs. However, momentum remains subdued for gold, with the RSI around 49 and the MACD below zero with negative readings.

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