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Bitcoin, Ether Gain, But Hold Losses for the Week; U.S. Equity Futures Lose Ground

Bitcoin opened the week slightly higher at $27,805 but remained below $28,000 after a weekend slide. Ether and most other top 10 non-stablecoin cryptocurrencies also edged up but recorded losses for the previous week due to a correction following recent rallies. XRP was among the winners. US equity futures fell in Asia before the results of the first-quarter earnings from major US corporations. Bitcoin will need to find buying support at $27,500 to weaken the downtrend, according to crypto trading platform Vauld. The US government plans to sell its holding of 41,490 Bitcoin, worth $1.1bn, this year, which is expected to add more downward pressure on Bitcoin's price. (forkast)

Bitcoin Bitcoin $102,765.78
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