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BTC price shows an independent trend, maintaining above 80,000 USD.
According to the Gate.io News bot, Bloomberg analyst James Seyffart pointed out that in the market environment of overall dumping of risk assets and falling gold prices, the BTC price still remains above $80,000.
Blockstream founder Adam Back believes that the correlation between BTC and traditional markets does not truly exist. He pointed out that market makers are taking advantage of the lack of fiat currency liquidity in the BTC market to create a correlation between BTC prices and other assets during the opening hours of the U.S. market.
Source: Wu Says