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Rapid Recovery Following Bitcoin's Last-hour Plunge, It Hits $37,500 Again

Sara Zhang

Summary: Bitcoin plunged as low as $34,500 last hour as selling pressure picked up ahead of the weekly close. The cryptocurrency fell as low as $35,000 on futures exchanges as well, though spot sellers were leading the correction. While some began to fear that a deeper correction was on the way, buyers stepped in at key ...

Bitcoin plunged as low as $34,500 last hour as selling pressure picked up ahead of the weekly close. The cryptocurrency fell as low as $35,000 on futures exchanges as well, though spot sellers were leading the correction.

While some began to fear that a deeper correction was on the way, buyers stepped in at key technical levels.

The cryptocurrency has since bounced back to $37,500 as of this article’s writing.

By Sara Zhang

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Link: Rapid Recovery Following Bitcoin's Last-hour Plunge, It Hits $37,500 Again   [Copy]
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