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GSR analysts point out that the unpredictable price fluctuations of Bitcoin are still mainly driven by market sentiment rather than fundamental factors. The monetary policies of the Federal Reserve and the Bank of Japan are worth paying attention to, as are the upcoming economic or market information data from the United States. The United States is moving towards a moderate landing, which GSR believes is a positive catalyst for cryptocurrency. Another factor that may put pressure on Bitcoin is that the US government may sell nearly 69000 bitcoins (worth approximately $4.2 billion) that were seized from the SilkRoad market. @dristov
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