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Bitcoin Loses Key 200-Day Average: Is $67,000 Next?

By Jakub Dziadkowiec

Bitcoin lost its 200-day moving average as Fed hike odds hit 100% and ETF outflows grew. Is $67,000 the next support? The post Bitcoin Loses Key 200-Day Average: Is $67,000 Next? appeared first on BeInCrypto.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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