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Bitcoin Breaks $60,000 Again as Crypto’s Biggest Buyers Wobble
Key Points
Bitcoin Breaks $60,000 Again as Crypto’s Biggest Buyers Wobble Bitcoin’s slide back below $60,000 is reviving a fear that has largely been absent from crypto for the past two years: what happens when the market’s biggest buyer comes under pressure just as retail traders lose interest. The cryptocurrency fell through a closely watched support level on Wednesday as investors grappled with growing concerns about Michael Saylor’s financing machine at Strategy Inc. and a broader retreat by...
Bitcoin Breaks $60,000 Again as Crypto’s Biggest Buyers Wobble
Bitcoin’s slide back below $60,000 is reviving a fear that has largely been absent from crypto for the past two years: what happens when the market’s biggest buyer comes under pressure just as retail traders lose interest.
The cryptocurrency fell through a closely watched support level on Wednesday as investors grappled with growing concerns about Michael Saylor’s financing machine at Strategy Inc. and a broader retreat by individual traders, many of whom have shifted their attention — and capital — to artificial intelligence stocks.
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