XBTUSD News

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Last Updated Date: 17 May 2021 @ 6:20 AM (UTC)
*Please note that all the dates are in GMT time zone

In cryptocurrencies, bitcoin last traded 4.85% weaker at $44,191 after hitting its lowest since February on Sunday. Ether was 4.96% lower at $3,362. Market volatility continued over the weekend as Tesla Inc. CEO Elon Musk took to Twitter, where he hinted at Tesla possibly selling its bitcoin holdings.

Overall the market is bearish with a downside breakout likely sending trade to attack a 42265 low, when broken ⇒ 35520. Corrective rebounds trapped by 46312 will maintain bear forces. A close over 49800 confirms the start of a reversing upturn.

 
 
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