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A soft US ISM services report led to a round of US dollar selling and improving risk appetite in financial markets. That was the final nudge bitcoin needed to get above $69,000 for the first time ever.
The 2021 top briefly broke in a rise to $69,200 before a quick round of profit taking sent it back below $68,000. It’s not uncommon for traders to set sell orders at all-time highs or use that to take profits. We saw something earlier today in gold as it rose to an all-time high as well.
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