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Price analysis 11/22: BTC, ETH, BNB, SOL, ADA, XRP, DOT, AVAX, DOGE, SHIB
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Bitcoin (BTC) continues to be pinned down below $60,000 indicating that higher levels are attracting selling from traders.
The S&P 500 made a new all-time high today on reports that U.S. President Joe Biden renominated Jerome Powell to serve a second term as the Federal Reserve chair. This news also boosted the U.S. dollar currency index (DXY) to its highest level since July 2020.
Usually, sharp gains in the DXY are inversely correlated with Bitcoin and the same can be seen in November of this
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