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Bitcoin hovers above key support as equities, crypto retreat
Key takeaways
- JUP, MON and SEI fell more than 5% amid weak liquidity conditions.The broader crypto market ticked lower on Tuesday with bitcoin BTC$80,984.66 falling 1% since midnight UTC to $80,800 and ether (ETH) losing 2% to $2,290.
- President Donald Trump said the ceasefire with Iran was "on massive life support," leading to a spike in Brent crude oil to $107 per barrel and a 0.4% rise in the U.S Dollar Index (DXY).
- Bitcoin, however, remains above Bitmine (BMNR) Chairman Tom Lee's line in the sand at $76,000, which he said would confirm the end of a bull market if bitcoin can hold above that level at the end of the month.
JUP, MON and SEI fell more than 5% amid weak liquidity conditions.The broader crypto market ticked lower on Tuesday with bitcoin BTC$80,984.66 falling 1% since midnight UTC to $80,800 and ether (ETH) losing 2% to $2,290.
U.S. equity futures also dropped after U.S. President Donald Trump said the ceasefire with Iran was "on massive life support," leading to a spike in Brent crude oil to $107 per barrel and a 0.4% rise in the U.S Dollar Index (DXY).
Bitcoin, however, remains above Bitmine (BMNR) Chairman Tom Lee's line in the sand at $76,000, which he said would confirm the end of a bull market if bitcoin can hold above that level at the end of the month.
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