James Lavish, managing partner at Bitcoin Opportunity Fund, said that bitcoin’s pullback late Tuesday indicated that the cryptocurrency “got ahead of itself with short covering after pushing through key $25,000 resistance for traders.” In an email to CoinDesk, he added: “That, plus the CPI numbers suggest the hikes are not quite over yet, even if the 50-basis point is essentially off the table now.”
Trending
Bored Ape Rapper's NFT Mint Sells Out So Fast Many Fans...
The mint, which opened Friday morning, closed minutes after the allowlist opened, raising questions from empty-handed fans as to whether or not it was...