10x Research published an article stating that "the price of Bitcoin has dropped significantly due to forced liquidations, setbacks in crypto legislation, diminishing institutional buying pressure, and uncertainty regarding global policies that have impacted risk preferences.
U.S. stocks, in general, were affected by weakness in the artificial intelligence sector and weak job data; however, the decline was somewhat mitigated by falling inflation and strong performance from semiconductor companies. The price of gold rose, approaching its historical highs, driven by increased demand for safe havens and rising capital flows to diversify global asset allocation.
MicroStrategy's stock has performed poorly, as concerns over equity dilution caused by Bitcoin purchases through equity financing overshadowed the positive news regarding the continued increase in assets."
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