10x Research: Factors such as forced liquidations and stalled progress on cryptocurrency legislation lead to Bitcoin's decline

10x Research stated, "Due to forced liquidations, stalled progress in cryptocurrency legislation, a weakening effect from corporate buying, and global policy uncertainty dampening risk appetite, Bitcoin prices have fallen sharply. The overall weakness in U.S. stocks is influenced by the underperformance of the AI sector and soft labor data; however, the easing effect from falling inflation and strong earnings from semiconductor companies have somewhat mitigated the decline. Driven by rising demand for safe-haven assets and increased inflows from global asset diversification, gold prices have risen, approaching historical highs. MicroStrategy's stock performance has been weak, as concerns over equity dilution from equity financing to purchase Bitcoin have outweighed the benefits of continued accumulation."