Bitcoin's slump to its lowest level since late 2024 reflects a hawkish Federal Reserve, exchange-traded fund outflows and a shift of capital into AI, the bank said.
Bitcoin recently dipped below $60,000, marking its lowest point since late 2024. Deutsche Bank analysis indicates this downturn is primarily influenced by a hawkish Federal Reserve stance, continuous outflows from Bitcoin exchange-traded funds, and a growing reallocation of…
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