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U.S. stocks hit new highs while Bitcoin dips back—this Beta coefficient is playing it expertly; only if the 69k weekly chart can hold can it truly prove resilience

BTC-0.31%
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BlockBeatNews
Bitcoin drops to nearly a two-month low, with the divergence between the US stock market and the crypto market intensifying
BlockBeats: Bitcoin fell on Tuesday, down more than 4% on the day and about 8% over 7 days, diverging from new highs in the US stock market. Bitrue says BTC is high beta and prone to being driven by macro sentiment; it may also strengthen again after a cyclical pullback. Santiment says funds are moving from Bitcoin and others to the stock market, while also warning of stock FOMO and crypto FUD. Technically, BTC is nearing the 200-week EMA around $69,000—whether it can hold that level is the focus.
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