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Bitcoin Slides Below 50-Day Moving Average
Bitcoin closed a daily candle below its 50-day moving average for the first time since August, as $318 million in long bets were wiped out in a single day. The move occurred as geopolitical tensions, including President Donald Trump's comments about potential military action against Iran, affected market sentiment and led to a decline in Bitcoin's price to around $80,800, down 1% on the day.