Key Reasons Why Bitcoin (BTC) Just Collapsed to $66K

This came after it recorded its sixth consecutive month in the green, matching the record that was set all the way back in 2012.Key reasons why Bitcoin is crashing On Apr. 1, Grayscale's GBTC recorded another $302 million worth of outflows. This sum is"higher than expected," according to leading ETF analyst James Seyffart.

Last week, Federal Reserve official Christopher Waller said that rate cuts could be postponed due to disappointing inflation data. Only a minority of Fed officials support three rate cuts in 2024, according to a by the Financial Times. Atlanta Federal Reserve Bank President Raphael Bostic recently said that there would likely be only a single rate cut this year.

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