Bitcoin Recovers Near $44,000, Markets Remain Cautious, Here's Why

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Bitcoin Recovers Near $44,000, Markets Remain Cautious, Here's Why
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ICYMI: Bitcoin reached intraday highs of $44,180 BTC $BTC

data, Bitcoin and other cryptocurrencies advanced on Tuesday, reversing an earlier pullback. Bitcoin reached intraday highs of $44,180 on Feb. 15, Ethereum surpassed the $3,000 barrier and altcoins gained between 3% and 10%. Stocks rose as well, owing in part to lower Treasury bond yields.fell on Tuesday morning with investors reconsidering safe-haven assets as geopolitical tensions between Russia and Ukraine mount.

After falling from highs of $45,855 on Feb. 10, Bitcoin found support at $41,570. As per CoinMarketCap, BTC is currently trading at $43,930, up 4.44% in the previous 24 hours.suggests that the markets remain cautious as the volume of Bitcoin Perpetual Swaps is still around 70% lower than what it was in 2021.

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