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Bitcoin Faces Challenges Despite Stable Interest Rates and Favorable Inflation Data

Bitcoin Faces Challenges Despite Stable Interest Rates and Favorable Inflation Data


CoinOtag
2024-06-13 23:25:50

The recent downturn in Bitcoin’s price has raised concerns, particularly in light of positive U.S. inflation data and stable interest rates. This decline has prompted scrutiny on the performance and stability of Bitcoin Exchange-Traded Funds (ETFs). Significant outflows from prominent Bitcoin ETFs, coupled with increased miner selling activity, suggest potential shifts in market sentiment. Bitcoin’s


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