Bitcoin fell toward $73,700 after U.S. inflation data came in above expectations, fueling fears of further interest rate increases. Long-position liquidations reached $744 million, while outflows from U.S. Bitcoin and Ethereum ETFs added to the selling pressure. Technically, a break below $70,000 to $72,000 could open the way to a decline toward $50,000 and then $45,000. In an extreme scenario, Elon Musk’s Grok AI sees Bitcoin falling to around $40,000 by January 1, 2027, driven by a simultaneous regulatory and institutional shock across several major economies. The Bitcoin Hyper project, which focuses on decentralized finance and Layer 2 solutions, has also raised more than $33.2 million ahead of its planned November 26 launch.
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