Bitcoin's drop was abrupt, but reason for it is finally revealed
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There are a number of reasons for this cautious approach, such as shifting internal investment strategies, macroeconomic conditions or regulatory uncertainties. Since there has been less exposure, there has probably been more selling pressure on Bitcoin, which has pushed the price below the crucial $65,000 mark.
Given that they frequently have significant capital under their control, hedge funds have a significant influence on the market. The mood of the market and price action greatly affects the flow of funds.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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