On Monday, the data for $BTC worsened a bit, with continuous price declines leading some short-term investors who were waiting on the sidelines to start leaving the market, especially as investors chasing prices from BlackRock sold off more. However, in proportion, the selling volume is only 0.7%, which is much lower compared to $ETH that often sees a few percent changes.

In itself, Bitcoin does not have its own market trends and still relies on the US stock market for momentum. When the macro, political, and economic situations in the US decline, the US stock market contracts, and BTC naturally does not fare well. However, as long as the US can navigate out of its current quagmire with Iran, the US stock market will still drive BTC to rebound.

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