TechFlow news: On January 27, Bloomberg reported that Bitcoin’s price has fallen approximately 25% since last October and dropped another 6% over the past seven days. Meanwhile, gold prices surged past $5,000, equity markets continued their upward trend, and the U.S. dollar weakened again. Last week, investors withdrew over $1.3 billion from Bitcoin-related funds.
The report states that, amid the current market environment, long-term Bitcoin believers are shifting toward equities, precious metals, and prediction markets, while Bitcoin trading volume is shrinking.
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