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In recent years, few market strategists have made more timely calls than Fundstrat's Tom Lee. Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, also rallied significantly, especially after Donald Trump's presidential election victory in early November. Lately, though, as the market has sold off, Bitcoin and many other tokens in the sector have given up gains as well.

Bitcoin's value has been all over the place lately. After an initial surge following investors' optimism after President Donald Trump won the November election, the cryptocurrency's price tumbled 10% over the past three months (as of this writing) on tariff fears and rising economic concerns. Part of the surge was sparked by the SEC approving several spot Bitcoin exchange-traded funds (ETFs), making it easy for investors to own the cryptocurrency.

Another unfilled CME futures gap occurs between $84,200 and $85,900.

U.S.-headquartered cryptocurrency exchange Coinbase Global has registered with India's Financial Intelligence Unit (FIU), allowing it to offer crypto trading services in the country, the company said on Tuesday. Coinbase said it plans to launch its initial retail services later this year and roll out additional investments and products thereafter, but did not disclose a specific timeline. Coinbase's entry into India comes at a time when interest in the asset class has soared in the country, with many young Indians dabbling in crypto and flocking to trading academies in the hopes of supplement their regular incomes.

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Leveraged traders betting on a rally got torched with BTC bulls losing $420 million, ETH longs saw $150 million in liquidations.

The winds of change within the U.S. government are blowing in favor of cryptocurrencies.