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Buyers From Coinbase Powered Bitcoin Higher, or Did They?

As bitcoin seems north, signs paint a combined image of the most important supply of bullish pressures for the cryptocurrency.
As bitcoin looks north, indicators paint a mixed picture of the major source of bullish pressures for the cryptocurrency.

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Author: Omkar Godbole

Omkar Godbole has recently written 7 articles on similar topics including :
  1. "Bitcoin and technology stocks rose Tuesday even as a hotter-than-expected U.S. CPI figure revived Fed angst and lifted Treasury yields". (February 15, 2023)
  2. "Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets". (May 11, 2023)
  3. "Bitcoin's options skew favors bearish put options by the most in two months". (March 10, 2023)
  4. "Tighter price ranges result from markets running into competing influences. Eventually, some narratives take the back seat, paving the way for a volatility explosion". (May 23, 2023)
  5. "Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset". (April 7, 2023)
  6. "While bitcoin has gained nearly 43% this month, ether has appreciated by 36%". (January 30, 2023)
  7. "In the past, outsized gains in DOGE have paved the way for a broader market sell-off". (December 2, 2022)
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