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Bitcoin Pressured by Global Risk-Off Sentiment
Bitcoin (BTC) again under pressure as risk-off sentiment in global financial markets increases. This weakness occurred at the same time as corrections in equity and precious metals markets, reflecting investors' cautious attitude towards risky assets.
In Thursday's trading, Bitcoin broke through the psychological level of USD 85,000 and continued its decline to reach its lowest level in the last two months, with the price recorded having touched around USD 83,156 intraday.
The selling pressure was triggered by increasing global macroeconomic uncertainty, which prompted investors to reduce their exposure to risky assets, including crypto assets. In the short term, Bitcoin's movement still shows a correlation with global financial market dynamics and liquidity conditions.
Nonetheless, market participants believe that this correction reflects more of an adjustment in sentiment and risk, rather than a change in Bitcoin's long-term fundamentals. Investors and industry players are urged to continue to pay attention to global economic developments and monetary policies that can affect the future direction of the market.
#CryptoRegulationNewProgress
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