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Bitcoin, Dogecoin, and Iran: Market Tug-of-War
Description
Bitcoin hovers around seventy-nine thousand dollars after a midweek surge, while Dogecoin dips. Crypto futures markets see sixty-seven consecutive days of negative funding rates, a decade high. Tensions rise with U.S.-Iran conflicts, causing a slight stock market dip. Traders hedge with put options, eyeing Bitcoins potential short squeeze if it breaks eighty-three thousand two hundred dollars. Research firm XWIN Japan predicts ninety-three thousand as a medium-term target, possibly after another dip. The market awaits a key breakout or range retest.
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