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Coin Telegraph

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Bitcoin price rebound breaks down before key level is hit — Here is why

  • Bitcoin price briefly reclaimed $92,000 before reversing as S&P 500 fell 1.3%.
  • US economic warning, rising tensions in Ukraine, and uncertainty over US digital asset strategic reserves kept Bitcoin's price under $95,000.
  • S&P 500 volatility index reached highest levels in 11 weeks, indicating risk-averse investor sentiment.
  • Increase in money circulation due to worsening economic conditions could be favorable for Bitcoin.

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