Bloomberg analysts surprised by Bitcoin's resilience

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Bloomberg analyst James Seyffart said he was surprised by BTC's resilience, as it remained above $80,000 during a sell-off in risk assets, even when gold was declining. Blockstream founder Adam Back stated that he has always believed the correlation between BTC and traditional markets is artificial, possibly caused by market makers exploiting the lack of liquidity in fiat currency within the BTC market, artificially linking BTC prices with other assets, a phenomenon particularly evident during the opening of the US market.

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