Bitcoin’s decline to $84,000 was driven by US dollar stablecoin concerns, a weakening global macroeconomic outlook and factors beyond Japan’s bond market stress.
Key takeaways:
Stablecoin concerns, regulatory pressure, and reduced risk appetite among traders weighed more on Bitcoin than Japan’s bond-market moves.
Reduced confidence in global growth and stress on digital asset reserve companies amplified BTC selling and subsequent stop losses.
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