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The US 10-year Treasury yield rose, and the dollar index was also pulled higher, both of which are negatively correlated with Bitcoin, and if the dollar strengthens, this may be negative for Bitcoin, and in this expectation, the expectation of a rate cut in June has been lowered again. South Korean exchange trading volume fell by 75%, and the market's frenzied trading sentiment for altcoins has largely cooled significantly in the short term.
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