First Mover Americas: Bitcoin, Up 70% This Year, Rebounds Past $28K

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First Mover Americas: Bitcoin, Up 70% This Year, Rebounds Past $28K
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$BTC is up 72% this year, and has rebounded past $28,000 after news of the CFTC lawsuit against binance knocked it down on Monday. LedesmaLyllah reports.

. Readings above 50 indicate market sentiment has moved into the"greed" stage, while those below 50 indicate"fear." The index hadn't been as high as 68 since November 2021 when bitcoin reached an all-time record of nearly $69,000. Although the gauge has declined since last week to 59, it remains in the"greed" zone, suggesting investor sentiment for now remains bullish.

– a potentially controversial assertion that differs from what his counterpart at the Securities and Exchange Commission has said. A lawmaker on the House Appropriations Committee asked Behnam during a budget hearing Tuesday whether he believes ether should be on that list."I believe they are a commodity,” Behnam said.

"DeFi dominance at key support with technicals indicating the sector is oversold," Lewis Harland, a portfolio manager at Decentral Park Capital, said.

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