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Bitcoin (BTC) rose 8.4% between May 15 and 16, peaking at 66,750.

Bitcoin (BTC) rose 8.4% between May 15 and 16, peaking at $66,750, a three-week high. Although Bitcoin has stabilized near $65,000, this price change represents a turnaround after Bitcoin retested the $57,000 support on May 1. However, these gains were not enough to instill an upside by Bitcoin derivatives metrics. What is the reason behind …


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