Risks of the cryptocurrency market 10% retracement after a breakout rally – BNN

Risks of the cryptocurrency market 10% retracement after a breakout rally – BNN

(Bloomberg) – The crypto market could face a major hurdle after its latest rally.

After a volatile upward surge in recent weeks, the Bloomberg Galaxy Crypto Index, which measures the performance of most of the most popular coins, stumbles against 600 – a level that has acted as resistance since mid-2019 . For the index to see further increases this year, it may need to consistently trade above…

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