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Crypto market settles at new highs

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10 Proven Strategies to Improve Your Lead Conversion RateThe crypto market is attempting to settle at the previous day’s highs. The $1.26tn capitalisation is close to this year’s peak, briefly touched in April.

However, the RSI on the daily timeframe is highly overbought, suggesting that short-term speculators should be looking for a corrective pullback. Looking at the longer term, the current setup for Bitcoin seems very promising for the bulls. The US Court of Appeals for the DC Circuit formally approved a ruling that the SEC must review Grayscale Investments’ application to convert GBTC into a spot ETF based on the former cryptocurrency.

 

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