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Bitcoin Update: The Cryptocurrency Records Its Sharpest Drop in Months
As the week approaches its close, selling pressure on Bitcoin shows no signs of easing. During today’s session alone, the cryptocurrency has fallen more than 13%, a move of this magnitude not seen since 2024, highlighting the strength of the current bearish bias. The decline has been driven by a lack of market appetite and a rapid deterioration in confidence, factors that are acting as key short-term catalysts for selling pressure, which may remain relevant over the coming sessions. This week has been particularly challenging for Bitcoin. The strengthening of substitute assets, such as the U.S. dollar, combined ... (full story)
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