Ether Takes a Breather
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Chart of the Day
The ETF-fuelled momentum begins to taper off as the price of BTC retraced shortly after reaching a new all-time high near $67k. It briefly dipped to the lower $62k region, finding solid support there, and has remained in a narrow range since. However, long-term holders have yet to send out any selling signals, suggesting the market may very well be net bullish. ETH pushed forward with full strength to test its all-time high, only to miss by a very narrow margin. The subsequent 6% skid was no more than a shakeout to remove excess leverage, seeing that the price of ETH found solid support above $4,100. The ETH/BTC pair has successfully reclaimed the 0.07 region. If the uptrend continues, ETH will soon be entering back into price discovery mode once it closes above the 0.08 mark.
Talk of the Town
While the crypto world stands in awe of the recent ETF-fuelled rally, retail giant Walmart has been quietly hosting Bitcoin ATMs at dozens of its U.S. outlets as part of the pilot program that lets customers buy bitcoins with cash. According to Walmart’s communications director, there are 200 kiosks located inside Walmart stores across the states. These kiosks are fruits of collaboration between Coinstar, a company operating coin-cashing machines, and Coinme, a crypto wallet and payment firm.
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