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Key Metrics Show Bitcoin Should Rocket Towards $12,000

It’s been a slow past few weeks for the Bitcoin market. The cryptocurrency has effectively been range-bound for two months, registering no concrete trend. Despite this, blockchain analytics firms have observed an increase in usage of BTC. Santiment reported on July 2nd in reference to the chart below: “Just two days after ETH recorded its…

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Bitcoin Spots Errors in US Jobs Report Way Ahead of Wall Street

Bitcoin closed its Thursday trading session in red even as an optimistic June employment report boosted risk-on sentiment. The cryptocurrency’s losses contrasted gains on Wall Street, showing first signs of decoupling after weeks of strong positive correlation. At the same time, the plunge showed Bitcoin second-guessing the US economy’s recovery amid rising COVID cases. Did…

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