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Bitcoin struggles under $60,000 amid persistent ETF withdrawals. Here is what experts say

Bitcoin is currently trading below $60,000 due to significant withdrawals from spot ETFs, primarily influenced by rising US interest rates. This trend has led to a cautious market sentiment, raising concerns about potential further declines in Bitcoin's value, with analysts predicting a dip to the $55,500-$56,000 range if key support levels are breached. The situation highlights the interconnectedness of cryptocurrency and traditional financial markets, making it a critical area for investors and policymakers.