Bitcoin has shown relative stability even as geopolitical tensions intensify in the Middle East and broader financial markets face mounting pressure.
A slide toward $50,000 is possible if global stock markets deteriorate further and capital flows into the dollar, government bonds, and energy markets. On the upside, a convincing move above the $74,000 to $75,000 zone would strengthen the case for a more sustained recovery and provide needed relief to firms like MicroStrategy Inc. (NASDAQ: MSTR) whose corporate strategy largely hinges on holding Bitcoin for…
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