Market Wrap: Bitcoin Falls to $18.1K as Correlation to Ether Picks Up

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The price of bitcoin took a bit of a dip, though overall market sentiment remains bullish. Ether’s correlation to bitcoin is going up despite differences in value propositions. Bitcoin (BTC) trading around $19,077 as of 21:15 UTC (4:15 p.m. ET). Slipping 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $18,171-$19,920 BTC above its 10-day and 50-day moving average, a bullish trending signal for market technicians. Bitcoin trading on Bitstamp since Nov. 28. Source: Shuai Hao/CoinDesk Research However, the narrative that bitcoin...

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