Bitcoin Hits Six-Week Low Amid Stock Divergence
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Bitcoin extended its decline, reaching its lowest price since mid-April as the cryptocurrency continues to decouple from record highs in US equity markets. The divergence highlights persistent selling pressure in crypto, likely driven by regulatory uncertainty and profit-taking after the recent halving. Analysts suggest that a further drop to $72,000 could mark the bottom, with some viewing this as a healthy correction within a long-term bullish trend. However, the current environment remains cautious, with traders monitoring key support levels and macroeconomic data for the next directional cue.
Read full article on CoinTelegraph
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