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BTCUSD Tumbles as 10X Research Warns of Liquidity Crunch and Hawkish Fed Risks

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The Story

News Summary

  • 10X Research warns Bitcoin faces a liquidity crunch driven by the upcoming CPI report and Fed interest rate decisions.
  • While Bitwise CEO Hunter Horsley argues the broader issue is a lack of mainstream adoption, both perspectives suggest significant near-term downside pressure for the cryptocurrency.
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BTCUSD price history

76936.28 +16.78% over the displayed period

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