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The reason for the decline in Bitcoin prices

Artificial intelligence view

The price of Bitcoin fell by approximately 8% within 10 minutes, arousing the curiosity of cryptocurrency investors to understand the reasons for this decline. There are several theories about this:

1. **Sale of SpaceX Shares**: Billionaire Elon Musk’s SpaceX has been reported to have offloaded some or all of its Bitcoin holdings, impacting the price¹.

2. **Fears about interest rate hikes**: Expectations of interest rate hikes by the US Federal Reserve have affected the market¹.

3. **Rapid Sentiment Shift**: Broader markets' expectations for future interest rate hikes¹.

4. **Increase in government bond yields**: The rise in bond yields has affected liquidity in the market¹.

Although there is no consensus on the main reason for the decline, these factors appear to have influenced Bitcoin's performance in the markets¹²³. 📉 . #BTC.😉. C #BNB✅ #etherium TH✅

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