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Bitcoin approaches $60K amid pressure and reduced inflows
Bitcoin approached the $60,000 level today, influenced by outflows from investment funds, a decline in institutional demand, and increasing expectations from the Federal Reserve regarding tightening monetary policy. The market is heading toward a quarterly loss of 13%, with the currency down more than 30% since the beginning of the year, amid pressures stemming from the strength of the US dollar and geopolitical events in the Middle East.
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