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10x Research: Bitcoin Falls Due to Forced Liquidation and Crypto Legislation Stalling
Summary: According to reports, 10x Research stated that factors such as forced liquidation, stalled progress in crypto legislation, weakened corporate buying momentum, and global policy uncertainty have led to a significant drop in Bitcoin prices. The underperformance of the AI sector and soft labor data have impacted the overall US stock market negatively. However, the easing ...
According to reports, 10x Research stated that factors such as forced liquidation, stalled progress in crypto legislation, weakened corporate buying momentum, and global policy uncertainty have led to a significant drop in Bitcoin prices. The underperformance of the AI sector and soft labor data have impacted the overall US stock market negatively. However, the easing effect of falling inflation and strong performance of semiconductor companies have somewhat alleviated the decline. With rising demand for safe-haven assets and increased inflow of diversified funds globally, gold prices have risen, approaching historical highs. MicroStrategy's stock price has weakened due to concerns over equity dilution from stock financing to purchase Bitcoin, outweighing the positive impact of continued accumulation.
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Link: 10x Research: Bitcoin Falls Due to Forced Liquidation and Crypto Legislation Stalling [Copy]
