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Market Impact: 0.4

Bitcoin Drops Below $69,000 as War Fears Weigh on Crypto Markets

Crypto & Digital AssetsInvestor Sentiment & PositioningMarket Technicals & Flows

Bitcoin extended its five-week slide from its all-time high, reflecting dwindling risk sentiment across global financial markets. Technicians installed new mining rigs at the Minto crypto mining center in Nadvoitsy, Russia on Dec. 17, 2021, indicating continued infrastructure investment in mining despite the price weakness.

Analysis

Bitcoin extended its five-week slide from its all-time high, reflecting dwindling risk sentiment across global financial markets. Technicians installed new mining rigs at the Minto crypto mining center in Nadvoitsy, Russia on Dec. 17, 2021, indicating continued infrastructure investment in mining despite the price weakness.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.30