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Bitcoin Price Loses $105K Support. Here's Why The Downside Will Extend

Summary by InvestingCube
Bitcoin price retested the $105k mark on Monday but slid back later in the day to trade at $104,100 at the time of writing. The coin is currently fighting headwinds brought by renewed trade tariff fears, which has seen many investors take risk averse positions. In addition, China’s move last week to ban all forms of activities involving cryptocurrencies, including mining, trading and owning, has created a bearish undercurrent. Despite losing 4.3…
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InvestingCube broke the news in on Monday, June 2, 2025.
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