Bitcoin facing macroeconomic challenges - London Business News | Londonlovesbusiness.com
Briefly

Bitcoin's recent price drop illustrates the cryptocurrency market's volatility, driven by external macroeconomic factors and geopolitical tensions, temporarily affecting investor confidence.
Despite experiencing recent volatility, institutional investors remain optimistic about Bitcoin, with over 60% of major hedge funds maintaining exposure to the cryptocurrency, reflecting long-term confidence.
The decline in Bitcoin ETF inflows signals a cautious sentiment among investors, suggesting a consolidation phase in the market as prices stabilize before potentially rising again.
Macroeconomic pressures, fears of recession, and geopolitical tensions have intensified the cryptocurrency market's inherent volatility, leading to significant price corrections in Bitcoin and other digital assets.
Read at London Business News | Londonlovesbusiness.com
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