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Bitcoin Remains Stable Amid Global Tensions and Market Uncertainty

AI Summary

According to BlockBeats, top trader Eugene Ng Ah Sio recently commented on the resilience of Bitcoin and U.S. stock prices despite a series of negative developments. Over the past 48 hours, several significant events have unfolded:

The ongoing tariff negotiations between China and the United States have heightened market uncertainty. Additionally, MicroStrategy's substantial Bitcoin purchase suggests that its future buying capacity may be limited without further financing. Furthermore, military tensions between India and Pakistan have escalated.

Despite these challenges, Bitcoin has maintained a stable price of $95,000, indicating that the market's structural integrity remains strong. Ng Ah Sio views this stability as a buying opportunity during market pullbacks. While he refrains from discussing projects outside major cryptocurrencies, he expresses particular optimism about SOL and XRP.