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Bitcoin (BTC-USD) has been bleeding for months due to tight liquidity conditions and targeted selling of high beta technology stocks. Low interest rates since the global financial crisis in 2008 have led markets to reach extreme valuations. Now, the decade-long bubble has popped, and assets are moving back to reality.
For most of Bitcoin’s existence, it has benefited from low interest rates. With rates now rising, Bitcoin’s price is suffering from the…
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