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The once-thriving cryptocurrency market is now facing a harsh reality check, with Bitcoin at the forefront of a major retreat. After reaching dizzying heights earlier this year, Bitcoin has experienced a significant plunge, dragging down the entire crypto ecosystem with it. Investors, spooked by the prolonged price slump, have been abandoning Bitcoin in droves, leading
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Bitcoin price has once again faced a negative trend as it failed to recover above the $63,500 level. The downward movement started after BTC struggled above $63,000 and faced a strong decline below the $62,000 and $61,500 levels. This has raised concerns among investors who were hoping for a positive market movement. At present, the
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Coinbase, a leading cryptocurrency exchange, may face regulatory challenges due to its compliance with the new Financial Accounting Standards Board (FASB) rules. These rules, which shift the accounting and disclosure for cryptocurrencies to a fair-value model from a cost-less-impairment model, were agreed upon by the FASB in 2023 and will officially take effect in 2025.
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Bitcoin is currently facing a significant decline in its price, with the market sentiment turning increasingly bearish. This shift can be attributed to a combination of macroeconomic factors and a surge in selling pressure. As a result, Bitcoin is struggling to maintain higher levels, causing anxiety among investors and traders. Taking a closer look at
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