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'Spectacular bust' for stocks: 5 things to watch in Bitcoin this week

Published 01/25/2021, 03:44 AM
Updated 01/26/2021, 06:00 AM
'Spectacular bust' for stocks: 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts a new week with $30,000 reconfirmed as support but also a fresh vote of no confidence from the mainstream.

After a more or less steady weekend, the largest cryptocurrency remains firmly in its established trading corridor: between $30,000 and $40,000. What’s next?

Bitcoin macro correlation chart. Source: Digital Assets Data
U.S. dollar currency index (DXY) 1-hour candle chart. Source: TradingView
Grayscale Bitcoin holdings vs. BTC/USD chart. Source: CryptoQuant
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
ETH/USD vs. ETH/BTC 1-day candle chart (Bitstamp). Source: TradingView

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