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coinpedia 2024-03-11 14:12:21

Brace for Bitcoin Price Drop Despite New ATH, Says Coinbase

The post Brace for Bitcoin Price Drop Despite New ATH, Says Coinbase appeared first on Coinpedia Fintech News In a recent report, Coinbase analysts David Duong and David Han spotlight potential hurdles facing cryptocurrency markets, even as Bitcoin reaches record highs. To kick things off, a surge in short-covering initially fueled Bitcoin’s upward momentum. However, the analysts stress the critical role of U.S. spot Bitcoin ETFs in maintaining demand. Despite this, they caution …

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