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Bitcoin’s 6.1% Daily Decline May Just Be The Beginning, Warns 10x Research

Bitcoin (CRYPTO: BTC) is down 6.1% on the day, trading at $62,620, and according to a recent report by 10x Research, the crypto king’s sell-off may not be over yet. What Happened: According to 10x Research, Bitcoin’s price action this week will be closely tied to the ETF flow data from Monday and Tuesday, as well as how the Federal Reserve shapes its narrative around the macro perspective, particularly regarding interest rates. While Bitcoin is a long-term asset that is influenced by inflation and interest rates, these macroeconomic factors have not consistently impacted Bitcoin’s price, as ev…