Bitcoin has experienced a notable decline, dropping by 6% to $54,600 overnight. This downturn follows a tumultuous period where Bitcoin briefly dipped to $54,000 on Friday before showing a slight recovery above $55,500 over the weekend, still significantly below recent highs.

Market Uncertainties Leading to Selling Pressures

Current conditions in the cryptocurrency market are characterized by a series of uncertainties that have contributed to substantial selling pressures.&middot

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