Bitcoin recently faced a sharp downturn as global macroeconomic factors rattled investor confidence. Concerns surged after China reported a significant drop in inflation, signaling weaker economic activity. Simultaneously, Nvidia, a tech giant linked closely to cryptocurrency, came under scrutiny for potential monopoly practices, causing ripple effects across markets.
Key indicators like the Stablecoin Supply Ratio (SSR) and investor sentiment metrics revealed fading demand for Bitcoin, highlighting growing caution among traders. These developments suggest prolonged market volatility, with pressure mounting on Bitcoin as investors reassess risks amid an uncertain global economy.
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