Bitcoin Falls Below $65K: Decrypt Explains Reasons

IconCryptoNewsTerminal Staff31 Jul, 2024

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Bitcoin Falls Below $65K: Decrypt Explains Reasons

Sure, here's the WordPress-formatted YAML content: --- title: "Bitcoin Falls Below $65K: Decrypt Explains Reasons" slug: "bitcoin-falls-below-65k-decrypt-reasons" content: | According to cryptocurrency media outlet Decrypt, there are several factors weighing on the Bitcoin market and contributing to the short-term bearish sentiment surrounding BTC. These factors include: Net fund outflows from US Bitcoin spot ETFs the day before Potential sell-offs tied to Mt. Gox creditor repayments * The US government's movement of $2 billion worth of Bitcoin Decrypt also noted that former US President Donald Trump made bullish comments about Bitcoin at the Bitcoin 2024 conference over the weekend, and BTC briefly attempted to break above $70,000. However, the aforementioned headwinds ultimately prevented further upside.

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