Bitcoin Falls Below $27K Amid Broader Crypto Declines Despite Improving Macro Conditions
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Bitcoin (BTC) fell below $27,000 on Wednesday for the first time since early October.
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The drop came despite 4 days of stock market gains and falling bond yields.
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Analysts say BTC failed to break key resistance around $28,000 and could retest lower support around $24,000-$25,000.
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Billionaire investor Paul Tudor Jones remains bullish on BTC and gold long-term due to geopolitics and rising US debt.
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Bitcoin derivatives traders suffered $50M in liquidations Wednesday, with BTC making up $22.5M.
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