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Bitcoin Slides as Geopolitics and Fed Succession Jolt Sentiment
Bitcoin has entered a corrective phase as geopolitical tensions, uncertainty over the next U.S. Federal Reserve Chair, and shifting regulatory dynamics converge to pressure market sentiment. According to James Butterfill, Head of Research at CoinShares, the current pullback reflects a combination of short-term shocks and longer-running psychological factors rather than a deterioration in Bitcoin’s structural outlook. In commentary on market conditions, Butterfill said Bitcoin is “currently in a correction phase driven by multiple factors simultaneously,” with geopolitics and policy uncertainty amplifying ... (full story)
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