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(Kitco News) – Bitcoin-U.S. dollar prices are sharply higher in early U.S. trading Friday, as bulls work to stabilize the market after this week’s big sell off that saw Bitcoin hit a seven-week low Thursday, on news that Elon Musk has pivoted and said Tesla will no longer accept Bitcoin as a form of payment. The Bitcoin bulls have lost their overall near-term technical advantage as a price uptrend has recently been negated. The bulls are now just working to put a floor under the market. Stay tuned!

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

(Excerpt) Read more Here | 2021-05-14 05:08:00
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