BTC price faces $80,000 resistance as derivatives show signs of risk aversion: Crypto Markets Today

Bitcoin Bitcoin$77,982.76although it’s slightly greenish, which can be shocking. The largest cryptocurrency has gained less than 0.5% since midnight UTC, with the strong move towards $80,000 likely to encounter resistance. Luke Deans, a senior researcher at Bitwise, told CoinDesk that this is because short-term holders’ cost basis is centered around that price. The move above…

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