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Crossroads. Markets are trading in no-man’s land going into the weekend after BTC prices slumped, TradFi markets pumped and uncertainty kicked into full steam. What happened in markets this week?
Bitcoin started the week off strong, gaining nearly 3% on Monday, but struggled to find its footing and proceeded to slide throughout the remainder of the week.
Ether, which has underperformed BTC since March amid growing speculation that the spot ETH ETF applications will be denied next month, remains just below the June 2022 3AC liquidation lows and the critical support-turned-resistance level at 0.05 on the ETH/BTC ratio.
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