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Analysts believe that the increasing uncertainty around Fed policy may lead to a further fall in Bitcoin prices.

ChainCatcher news, ActivTrades analyst Carolane De Palmas stated that the recent price movement of Bitcoin is increasingly dependent on the Fed's interest rate cut outlook, and the market remains weak. Due to the U.S. government shutdown and the possibility that various data may not be released, the Fed may have to formulate policies with limited data. This information gap has weakened market liquidity expectations and put pressure on speculative assets, leading to further falls in the price of Bitcoin.

BTC-0.04%
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