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Hedge funds are buying Bitcoin ETFs, which is good for Bitcoin but be cautious. Some ETFs don't directly own Bitcoin and Bitcoin is volatile. Do your research, invest for long term, and diversify.
A worsening macroeconomic climate and the collapse of industry giants causing the price to fall. Bitcoin fell to $64,680.44. Other cryptocurrencies also saw declines. Experts say that traders are unimpressed with the economy and are selling off their holdings.