Bitcoin's price falls below $45,000
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Bitcoin's price has slid below $45,000, resulting in a nearly 15% drop in the last 24 hours.
Bitcoin was trading at around $52,000 yesterday and is currently changing hands at about $44,900.
Macro factors could be at play for the downfall. Other asset classes, including stocks and bonds, have also seen selloffs.
Bitcoin futures' open interest, an indicator of flows into the market, has fallen sharply over the last five sessions, from around $19.1 billion to $15.1 billion, according to data from tracker Bybt.com.
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Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.
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