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As the asset rolled back to the trading level of $50,900, purchases of the instrument increased again, and Bitcoin updated the local maximum at $52,500 on the Bybit exchange.
Interestingly, according to the RSI indicator, bearish divergence is becoming more pronounced towards the price movement, which indicates a gradual weakening of buyer pressure.
This means that a local rollback of Bitcoin may occur soon.
#ETH. Following Bitcoin, Ethereum updated its annual maximum at $2,825.
A pullback to the trading level of $2,670 is likely before the next growth impulse.
The capitalization of the cryptocurrency market has increased by 2.2% over the past 24 hours, and the dominance of Bitcoin has decreased by 0.2%.
Ethereum is expected to strengthen in the #ETH/#BTC pair, which is a positive signal for the entire altcoin market.
Peter Thiel Made $200M Investment in BTC, ETH Before Bull Run: Reuters
Peter Thiel's Founders Fund has made a $200 million investment in bitcoin and etherThiel's fund sold crypto holdings for $1.8 Billion before 2022's crypto winter.#LIKE_COMMENT_AND_SHARE #TrendingTopic #Write2Earn #ETH Peter Thiel's Founders Fund made a $200 million investment in bitcoin and ether before the bull run, per report by Reuters.According to CoinDesk Indices data, bitcoin (BTC) has increased nearly 124% in the last 12 months, while ether (ETH) has risen 75%. The CoinDesk 20 Index (CD20) has rallied approximately 86% in the same period.Founders Fund started to purchase bitcoin when it was below $30,000 and acquired more BTC and ETH in the subsequent months, sources told Reuters.Thiel has long been a proponent of bitcoin, linking its price rise to a critique of central banks and fiat money. During the 2021 bull run, he said he felt "underinvested" in the world's largest digital asset.Founders Fund sold most of its crypto holdings for $1.8 billion in March 2022, just before crypto winter began, the Financial Times reported last year. Founders Fund made a previous investment in bitcoin to the tune of $15 to $20 million during the 2017-2018 bull market.