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Bitcoin (BTCUSD) Plunges Toward Key Support After Fed Nomination Sparks Selloff

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The Story

News Summary

  • Bitcoin plunged to $69,000, erasing gains after the 2024 US election and nearing a critical 200-week moving average.
  • Macro tightening and leveraged liquidations pressured crypto, with Ether also down sharply year-to-date.
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Stored market data

BTCUSD price history

75349.12 +14.62% over the displayed period

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