🚨 Bitcoin has dropped to $92K, briefly slipping below $90K earlier today as the crypto market reacts to higher U.S. interest rates and a stronger dollar. Rising Treasury yields have added to the pressure, making traditional investments more attractive.
Despite this, BTC$BTC still holds strong. Stablecoin reserves have reached $48B, suggesting that liquidity is waiting to re-enter the market when sentiment improves. With potential pro-crypto policies from the incoming U.S. administration, it could happen soon.
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🚨 Bitcoin has dropped to $92K, briefly slipping below $90K earlier today as the crypto market reacts to higher U.S. interest rates and a stronger dollar. Rising Treasury yields have added to the pressure, making traditional investments more attractive.
Despite this, BTC$BTC still holds strong. Stablecoin reserves have reached $48B, suggesting that liquidity is waiting to re-enter the market when sentiment improves. With potential pro-crypto policies from the incoming U.S. administration, it could happen soon.