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Bitcoin Faces Sharp Correction After 2021 All-Time High

Bitcoin, which reached an all-time high of $69,000 in late 2021, has plunged below $40,000 in early 2022. The decline is driven by a combination of factors, including tightening U.S. monetary policy, inflation concerns, and looming crypto regulations. Market sentiment shifted from euphoria to caution as risk-off behavior spread across global financial markets. Analysts remain divided: some predict further downside toward $30K, while others view the correction as a healthy reset for the next bullish cycle. Despite the downturn, long-term believers continue to hold, citing Bitcoin’s role as a hedge against inflation and an emerging store of value.

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