10x Research: Bitcoin Price Drops Due to Forced Liquidation, Stalled Crypto Legislation

BlockBeats News, December 21, 10x Research published an article stating that "Bitcoin's price experienced a sharp decline due to forced liquidation, stalled cryptocurrency legislation progress, weakened corporate buying effect, and suppressed risk appetite influenced by global policy uncertainty."

"Due to the underperformance of the AI sector and soft labor data, the overall US stock market weakened; however, the relief effect brought by the decline in inflation and the strong performance of semiconductor companies partially alleviated the downturn. Driven by rising risk aversion and enhanced global asset allocation diversification inflows, the price of gold rose, approaching historical highs."

"MicroStrategy's stock price showed weakness due to concerns over stock dilution caused by equity financing for Bitcoin purchases, outweighing the positive impact of continued accumulation."