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Bitcoin Slips Further Into a Bear Market. What’s Causing Today’s Selloff.

1. Bitcoin falls 22% from October high amid bear market conditions. 2. Federal Reserve uncertainty affects investor sentiment and cryptocurrency instability. 3. Stock market also declines amid the end of the government shutdown.

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FAQ

Why Bearish?

Historically, downturns in crypto can negatively affect SPY, particularly during investor uncertainty.

How important is it?

Negative crypto trends can lead to risk-off sentiment, impacting equities including SPY.

Why Short Term?

Immediate sentiment reaction expected due to heightened market volatility and interest rate concerns.

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