First Mover Americas: Bitcoin Falls to $26K; Is $24K Next?

First Mover Americas: Bitcoin Falls to $26K; Is $24K Next?

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.

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Bitcoin’s (BTC) recent price slide may have legs, according to technical analysis by alternative asset management firm Valkyrie Investments. The leading cryptocurrency by market value has declined by 10% to $26,200 this month – including a slide of nearly 4% over just the past day-plus – thanks in part to renewed bets the Fed will remain hawkish, a recovery in the U.S. dollar index, and lingering U.S. debt ceiling

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