Bitcoin Spikes $106K After Moody's U.S. Credit Downgrade | COINDESK DAILY
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Bitcoin Market Volatility Amid U.S. Credit Downgrades
This chapter delves into the unexpected rise of Bitcoin's price beyond $106,000, examining the market's reaction and significant liquidations. It also discusses the implications of Moody's U.S. credit rating downgrade and highlights El Salvador's ongoing investments in Bitcoin, emphasizing its unique position as the first country to embrace Bitcoin as legal tender.
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