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DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K

Published 01/26/2021, 06:00 PM
Updated 01/26/2021, 07:40 PM
DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K

Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins.

Despite the recent revelation that BlackRock (NYSE:BLK), the world’s largest asset manager, has given the green light for two of its funds to invest in Bitcoin futures, BTC price still struggles to gain momentum above the $33,000 level.

Daily cryptocurrency market performance. Source: Coin360
BTC/USD 4-hour chart. Source: TradingView
GME/USD 1-day chart. Source: TradingView

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