Bitcoin’s recent decline from 107,000 USD was attributed to profit-taking instead of Moody’s downgrade of US debt, which has raised concerns about the country’s ballooning 36 trillion USD debt. Despite the 4% price dip, Bitcoin’s long-term outlook stays bullish.
In light of macroeconomic challenges, Bitcoin continues to show resilience. Its past performance as a safe-haven asset during economic uncertainty suggests it could regain its value after recent fluctuations, amidst rising interest rates.
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