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As recession fears set in, and weak economic data published are betting on Bitcoin to continue to bet on decentralized trend reversal.
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Copy trading kucoin | As the crypto rally takes off, analysts and institutional investors are betting on Bitcoin to reach its all-time high again this year. The success of Optimism OP will depend on its ability to maintain technological advancements, increase platform usage, and navigate the competitive landscape of layer 2 solutions. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. Institutional traders believe the brutal year-long crypto winter has finally come to end, with the current macroeconomic backdrop reflecting a trend reversal. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. Elevated readings indicate that the present profitability of miners is high compared to the yearly average, and hence, they could liquidate their holdings at a faster pace, adding to bearish pressures in the market. The benefits of decentralized tokens have been highlighted in the wake of the recent bank failures, with many proclaiming Bitcoin to be the new digital gold. |
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