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Bitcoin dips below $47K as US dollar surge dampens BTC price performance
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Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in a narrow range as the week began, with traders split over short-term outcomes.
"It's just a matter of time before BTC breaks out, and the longer it takes the harder it will pump," popular Twitter account Galaxy summarized.
Such optimism was far from universal, however. For Cointelegraph contributor Michaël van de Poppe, the time had come to look closer at altcoins than BTC.
"Good bounce from Ethereum and I think this one is bottomed," he said about the state of ETH/USD Monday.
ETH/USD was up over 2% in 24 hours at the time of writing, with BTC/USD
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