Bitcoin retains July gains despite bad news wave, but traders stay cautious

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Bitcoin has managed to hold onto its gains through July despite facing a series of negative developments in the crypto market. Analysts attribute the resilience to forced selling having already been exhausted in prior market downturns. However, traders are not fully at ease, maintaining a cautious stance heading into the coming period. Upcoming concerns include fears over potential interest rate hikes and closely watched employment data that could influence market direction.

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