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January 9, 2025

Bitcoin Drops Below 93K: The Impact of US Government Actions

Bitcoin has recently tumbled below the 93,000 mark due to various selling pressures. A significant factor relates to the US government’s recent decision to sell 69,370 BTCs. Investors anticipated this correction following Bitcoinโ€™s impressive growth in late 2024. Understanding the external influences on Bitcoin is key for future projections. Market analysts closely monitor the selling conditions and the reaction from retail investors. Maintaining awareness about governmental actions and market responses can provide valuable insights into potential price movements.

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