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Bitcoin Breaks Key Support as US Institutional Demand Cools

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The Story

News Summary

  • Bitcoin has broken below critical support at $58,500 amid weakening market conviction.
  • Despite rising stablecoin deposits on Binance, current inflows lack the momentum of previous rallies, while declining U.S.
  • institutional participation suggests cooling demand, leaving the path of least resistance pointing lower.
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BTCUSD price history

75867.49 +15.41% over the displayed period

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