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· 7h ago
Therefore, the continued plunge of Bitcoin is taking place against this dual background: on one hand, Microsoft's earnings report triggered concerns about the growth logic and valuation of tech stocks, with selling sentiment spreading from the stock market to Bitcoin, which has similar financial attributes; on the other hand, the sudden collapse of gold further worsened the global market's risk appetite, prompting investors to sell various risk assets including Bitcoin to seek liquidity safety.
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