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Bitcoin Slide Risks a Break Below Its Key 200-Day Average -Breaking

by Mike Robinson

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© Reuters. Bitcoin Slide: A Break below Its 200-Day Key Average

(Bloomberg). — The record-breaking drop extended to Monday’s fifth week. At $46,720, the largest cryptocurrency is close to breaking its 200-day moving mean. “The idea that as it matured, the volatility would ease has not really materialized,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “The volatility is deadly and its other supposed attributes, like a hedge against inflation, seems spurious.”

©2021 Bloomberg L.P.

 

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