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Why is Bitcoin Price Down Today? (16 May)

Bitcoin price hovered below $78,000 on May 16 as crypto markets faced renewed selling pressure from investors worldwide. Higher Treasury yields and lower demand for ETFs, as well as inflation fears, brought traders toward safe financial assets. The overall crypto market fell significantly over the past 24 hours, too. Crypto Market Drops as Bitcoin Slips

The post Why is Bitcoin Price Down Today? (16 May) appeared first on CoinGape.

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