Cryptocurrencies are in the green today after a broader selloff yesterday. Bitcoin (BTC) breached the resistance level of $8000 today after social media bans helped bears to control the market. Bears had strongly capitalized on pessimistic reports from regulators and advertisement companies – who are raising questions over the credibility of crypto markets.
Bitcoin price declined close to 11% in the last seven days, due to the impact of Twitter ad ban. The largest crypto coin is down more than 60% in the previous three months.
Traders and analysts are divided on how the …
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