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Bitcoin Faces Significant Decline, Approaches $50,000 Threshold
Bitcoin Dips to Six-Month Low, Risks Falling Below $50,000 Bitcoin has experienced a challenging period since the weekend, plunging below $60,000 yesterday and now approaching a critical level under $50,000 today. This marks the first time since February that the cryptocurrency has tested such low levels. The sharp drop comes as traders across markets are increasingly seeking safe-haven assets.
In addition, Ether has also seen a dramatic decline, falling 16% to $2,239. This drop represents its lowest point since February.
Bitcoin’s price falls to $62K as Bitcoin investors place their bets on the M2 money supply.
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