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Bitcoin Falls Below $90,000 Amid Concerns of Bear Market
Bitcoin recently dropped below $90,000, marking its lowest level since April, though it has since rebounded to around $92,000 as of Tuesday. Analysts, including Luke Lango from Ultimate Crypto, warn this breakout below the 50-week moving average often indicates the end of significant price rallies, although he suggests that recent falls may stem from market flows rather than fundamental issues.
Private credit markets are also under scrutiny, with Jeffrey Gundlach of DoubleLine Capital warning of a pending crisis driven by escalating risks in the private credit sector, which has ballooned from approximately $300 billion in 2010 to trillions today. Notably, over 40% of private-credit borrowers ended 2024 with negative free cash flow, leading to caution among lenders and concerns about liquidity as demonstrated by Blue Owl Capital restricting redemptions from a private credit fund.
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