Bitcoin price slips below $78,000 as ‘digital gold’ narrative faces fresh test

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Bitcoin slipped below $78,000, marking a pullback that challenges the "digital gold" store-of-value narrative after a recent rally. Market participants pointed to profit-taking and cooling momentum, with macro factors such as yields and dollar strength shaping near-term sentiment. The breach of this level raises the risk of heightened volatility and a reassessment of support levels, which could dampen fresh demand if confidence in Bitcoin’s safe-haven case erodes further.

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