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Bitcoin gets clubbed as dollar rise continues

In the past few minutes Bitcoin was dropping back and that move accelerated once it took a level at around 45k. The move lower has extended in a pretty vertical fashion by more than $1000 from its earlier highs, to a low a few moments ago, at 44,355. The reasons fort the fall would seem to lie with further upside in the dollar right now. The drop also looks like it triggered some stops below the previous 2023 high, at 44,735. The price is just now trying to rebound though, but it remains to be seen if that rebound can reclaim levels above 44,735 and 45k itself. Bitcoin is currently trading at 44,470
 

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