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Price analysis 5/8: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin is witnessing a see-saw battle between the bulls and the bears. After receiving more than $595 million in inflows into the spot Bitcoin exchange-traded funds on May 3 and May 6, the tide turned on May 7 with an outflow of $15.7 million, according to Farside Investors data. Irrespective of the short-term uncertainty, crypto bull Anthony Pompliano remains bullish for the long term. While speaking to CNBC, Pomp said that Bitcoin’s 200-day simple moving average hit a new all-time high above $50,000, indicating that the long-term trend remains bullish. The sideways price action has not deterred institutional ... (full story)