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Additionally, the RSI is currently at 0, which is generally considered oversold, suggesting that the price has fallen too rapidly and might be poised for a bounce or upward correction.
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τBitcoin news

Bitfury’s Transition from Bitcoin Mining to Pioneering Tech Investments
Key Takeaways Bitfury is shifting its strategic focus from Bitcoin mining to investing in emerging technologies, with a…

Decentralizing Crypto’s Backbone: Overcoming Cloud Limitations
Key Takeaways The centralized cloud infrastructure significantly impacts blockchain’s decentralization ideals, yet shifts towards distributed networks are gaining…

The UK’s Careful Stance on Stablecoins: A Balancing Act
Key Takeaways The Bank of England (BOE) has outlined new proposed regulations for stablecoins, sparking debate within the…

Kraken’s Remarkable $800 Million Raise Targets Global Expansion
Key Takeaways: Kraken, a leading US-based crypto exchange, raises $800 million, elevating its valuation to $20 billion. Strategic…

Canaan’s Surging Success in Bitcoin Mining: A Comprehensive Overview
Key Takeaways Canaan achieved a 104% increase in Q3 revenue, largely due to the rising demand for Bitcoin…
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