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Bitcoin ($BTC) dropped below $60,000, hitting its lowest price in 20 months as sentiment across the digital asset market turned sharply negative.
The proximate driver, according to the source data, is a rotation by retail investors away from crypto and into AI-related equities.
The Rotation That's Repricing Bitcoin The world's most actively traded digital asset has long depended on retail participation to sustain momentum.
When that cohort moves its bets elsewhere, the price discovers how thin the remaining bid actually is.
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