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🟠BITCOIN FACES CHALLENGES BUT REBOUNDS

🟠BITCOIN FACES CHALLENGES BUT REBOUNDS

Day: 08 | Time: 17:46:32 Bitcoin has had a challenging week due to the Mt. Gox refunds and market trends, but the bearish behavior should not be interpreted as unfavorable. During the week, the price of Bitcoin dropped by 11%, but Bitcoin ETFs saw significant inflows of money. Additionally, the Mt. Gox refunds caused a strong selling pressure. However, the recent drop has reduced unrealized profits, with many long-term holders selling their coins to new buyers at higher prices.

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