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Cryptopolitan 2023-06-04 05:24:54

Bitcoin Faces Fresh Challenges as US Debt Deal Raises Concerns, Citigroup Warns

Bitcoin and other cryptocurrencies may face a challenging near-term outlook as the US Treasury looks to rebuild its cash balance through a massive Treasury bill deluge. Citigroup Research strategists have warned that the impending reserve drawdown and the subsequent potential drain of liquidity from the banking sector could result in higher volatility and weaker returns ... Read more

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