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Bitcoin is pinned below $20K as the macro climate stifles hope for a sustainable BTC bull run

Bitcoin price is down for the year but it’s important to compare its price action against other assets. Oil prices are currently down 23.5% since July, Palantir Technologies (NYSE:PLTR) has dropped 36.4% in 30 days and Moderna (NASDAQ:MRNA), a pharmaceutical and biotechnology company, is down 30.4% in the same period.

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Source: Cryptocurrency - investing.com

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