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Bitcoin (BTCUSD) Tumbles on Narrative Crisis as Stablecoins and Prediction Markets Gain Traction

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin has plunged over 40%, losing appeal as a hedge, payment method, and speculative asset amid increased competition from stablecoins and prediction markets, signaling deep narrative and purpose challenges despite strong institutional support.
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BTCUSD price history

76850.50 +14.71% over the displayed period

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