Three Key Reasons Why Bitcoin (BTC) Is Below $70,000

Bitcoin has failed to regain footing above $70,000, and it was somewhat expected

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The overall trend has turned negative even though the only funds to record net inflows of $6 million and $8 million, respectively, were Bitwise's BITB and BlackRock's IBIT. This shift in sentiment is probably the result of profit-taking following an extended period of positive inflows, not only among institutional investors.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.

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