Bitcoin Holds Near $27,000 Despite Mixed Crypto Trading as Investors Eye Inflation and FTX Fallout
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Bitcoin rose 1.19% to $27,214 over the weekend despite mixed trading for cryptocurrencies overall.
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Concerns remain around inflation, interest rates, and links between Alameda Research and collapsed crypto exchange FTX.
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Analyst Michaël van de Poppe sees Bitcoin potentially reaching $27,800 soon.
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Ethereum's dominance is declining while Bitcoin's is increasing according to analyst Benjamin Cowen.
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Dormant Bitcoin becoming active again may have supported the recent price surge back to $27,000 according to Santiment.