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January 13, 2025

Bitcoin Faces Declines: Strong Dollar and Policy Shifts Impact the Market

Bitcoin has retreated below $97,000 driven by strong dollar performance and Trump’s proposed tariffs. These factors, combined with delayed legislation around cryptocurrencies, present headwinds for Bitcoin’s price movements. Investors should be aware of these macroeconomic influences as they navigate their trading strategies. Monitoring potential policies impacting Bitcoin will help traders make informed decisions. Is Bitcoin resilient enough to overcome these challenges, or will it continue to decline amidst increasing pressures?

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