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Bitcoin Hits Resistance, Altcoins Glue to BTC

Bitcoin Hits Resistance, Altcoins Glue to BTC

Published 3 weeks, 3 days ago
Description

Bitcoin hovers around $76k, facing resistance at $80k, as short-term holders prepare to cash out profits. High oil prices and rising bond yields are adding pressure, with derivatives markets showing risk aversion signals. Market makers are set to sell into rallies, and altcoins remain highly correlated with Bitcoin. Meanwhile, Pump.fun introduces Charity Coins, while reducing its PUMP token buy-and-burn. Volatility simmers beneath the surface.

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