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Bitcoin Drops Below $63,000: Are Geopolitical Issues And Gold Movements To Blame?

  • Bitcoin (BTC) fell below $63,000, reflecting a broader decline in the cryptocurrency market.
  • Geopolitical tensions, particularly in the Middle East, are contributing to Bitcoin's price correction.
  • Investors are selling Bitcoin to buy gold as a hedge against market volatility.
  • Analysts raise concerns about Bitcoin's overbought conditions and cautious sentiment after Federal Reserve Chair Jerome Powell's remarks.

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