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Bitcoin Sells Off To Welcome New Japan PM
- Bitcoin experienced a selloff following the selection of a new prime minister in Japan.
- Shigeru Ishiba, the next prime minister, is believed to support the Bank of Japan's goal to normalize monetary policy.
- The selloff extended to Bitcoin, which fell from about $66,000 to as low as $63,300.
- Retail participation in the Bitcoin rally remains low, indicating a lack of retail interest.
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