10x Research: Forced liquidation and stalled progress in crypto legislation led to a decline in Bitcoin prices.

According to Mars Finance, 10x Research reported that "Bitcoin prices fell sharply due to forced liquidations, stalled progress in crypto legislation, weakened corporate buying, and global policy uncertainty dampening risk appetite. US stocks weakened overall due to weaker-than-expected performance in the AI sector and softer labor data; however, the easing effect of falling inflation and strong performance from semiconductor companies mitigated the decline to some extent. Gold prices rose, approaching historical highs, driven by increased safe-haven demand and stronger inflows into global asset allocation diversification. MicroStrategy's stock performance was weak because concerns about equity dilution from equity financing purchases of Bitcoin outweighed the positive impact of continued accumulation."