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3 reasons why Bitcoin can rally back to $60K despite erasing last week’s gains -Breaking

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(BTCThe stock () fell to $38,000 Monday. This was a drop from all its gains last week which had seen a rally of over $45,000.

Due to selloffs in risk-on market, fueled by an 18% rise of international oil benchmarks, the losses were principally due. Almost $139 per barrelIts highest point since 2008 was reached on Monday morning

BTC/USD weekly chart with correlation to Nasdaq Gold TradingView
BTC/USD weekly chart showing bear markets within technical pattern. TradingView
With a balance of more than 1K BTC, Bitcoin addresses. Source: CoinMetrics and Messari
BTC balance in exchange. Source: Santiment
BTC reserve. Source: CryptoQuant