Bitcoin has fallen over the past few weeks and will likely continue trading lower through the end of the year as newer investors sell the token and exchange-traded funds tied to it, according to Compass Point. The largest cryptocurrency by market capitalization traded around at $89,800, down more than 20% over the past month and about 30% off the asset's record high just north of $126,000 hit in early October. The declines come amid liquidations of highly leveraged crypto positions, with traders pulling out of risk-on investments into risk-off assets such as gold due to mixed economic data and worries about valuations in artificial intelligence stocks. Some long-term bitcoin holders are also selling some of their holdings at this time due to a popular, but controversial, belief that the to
Why the pressure on bitcoin may linger into year
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