Markets Weekly: Bitcoin Price Resilience Crumbles

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Bitcoin price resilience finally crumbled this week after two weeks of strength following the so-called 'BearWhale' slaying.

The price opened the week at $386, holding steady until mid-week, when it began a steep decline. It closed at $346, shedding $40 over the last seven days.

The bitcoin price deterioration follows a strong rally from $295 on 6th October to a high of $405 about a week later. Trading held steady until this week's drop, even as the wider financial markets tumbled in mid-October.

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