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Bitcoin could be heading much lower, fund manager warns as $150 billion Treasury operation nears
A fund manager warns that Bitcoin could experience a significant price decline as a $150 billion U.S. Treasury operation approaches, raising concerns about market stability. The operation, linked to government debt management, may impact cryptocurrency valuations through broader financial market dynamics.
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Adjacent reporting
- Bitcoin holds near $77,400 as derivatives signal caution
- Bitcoin retreats below $80,000, liquidating $300 million in futures bets
- Bitcoin Slides Under $77K as Crypto Liquidations Top $672M Amid Bond Sell-Off
- Bitcoin Dips Below $79,000 as Inflation Fears Hit Risk Assets
- Bitcoin tumbles below $79,000 as rising bond yields, inflation worries rattle markets
- Bitcoin has shed $5,000 within days. The data says this selloff could worsen