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Bitcoin price just had a nice pump to $7,686 and is currently sitting at $7,458 after the Cryptocurrency market trading sideways over the past few days.
Bitcoin bears target BTC price at $5,000. Cointelegraph contributor Benjamin Pirus wrote that after BTC’s corrective bounce up to $7,875 last week, Bitcoin was unable to shake its larger downtrend.
Instead, it headed back down to the $7,300 trading region.
Pirus added that BTC could ultimately drop to a trading price near the $5,000 price mark, as its charts look mostly bearish at present.
In other Crypto news, how would you like to earn interest on your Bitcoin (BTC) and Crypto assets?
In a little under a year, DeFi has become a significant component of the cryptocurrency ecosystem.
But which platforms pay the most interest? Decentralized finance is often hailed as a prime use case for digital assets.
Lending practices among DeFi platforms follow similar patterns: loans are overcollateralized, meaning the risk of default is negligible and lending is more responsible than that of the fractional reserve banking system used by legacy lending institutions.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.