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Coinbase Premium Suggests Caution Amid Bitcoin Sell-off
Last week, the situation was quite different as U.Today reported that the Coinbase Premium jumped as the price of Bitcoin plummeted. However, it appears that the market has taken a drastic turn, and investors are now being cautious due to this sudden sell-off.
Despite the reversal in price amid ATH rallies, the market is hopeful of a major rebound in the near term. Nevertheless, the focus has shifted from speculation to caution, as the weekly candle’s closure at $105,149 becomes a critical point to watch for potential investors.
In light of recent events, it is crucial to analyze these factors and understand their impact on the overall cryptocurrency market.
Source: u.today
