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27 May 2022
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Market stumbles as BTC reaches new 2019 high before dropping below $5,500

Bitcoin started the day off above $5,500 and testing $5,600 where it remained until recently. The price of BTC has since seen a decline of over 1%, seeing the price fall under $5,500 for the first time.  

The rice in BTC price saw multiple altcoins drop dramatically in BTC price as well as in USD price as Bitcoin soared to a 2019 high of $5,589 on Binance. Bullish sentiment on BTC saw plenty of alts tanking as the king of crypto continued to rise in price.

However, BTC appears to have stalled slightly as a minor bullback sees the price drop to under $5,500.

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