BlockBeats News, December 21, 10x Research published a post stating that “due to forced liquidation, stalled progress in crypto legislation, weakening effect of corporate buying, and global policy uncertainty suppressing risk appetite, the price of Bitcoin experienced a significant drop.”
“The underperformance of the AI sector and softening labor data had an impact on the overall weakness of the US stock market; however, the easing effect brought about by the decline in inflation and the strong performance of semiconductor companies partially mitigated the downward trend. Driven by rising safe-haven demand 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 equity dilution from stock-based Bitcoin purchases outweighing the positive impact of continued accumulation.”
