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I asked the AI why all cryptocurrencies are currently experiencing a decline, and this is what it responded:

Cryptocurrencies are experiencing a decline at the moment due to a combination of factors. One of the main reasons is the rise in interest rates in the United States, which has generated uncertainty in the markets and led investors to seek safer assets.

Another factor contributing to the decline is the trade war between the United States and other countries, such as China, Canada, and Mexico. The President of the United States, Donald Trump, has imposed tariffs on goods imported from these countries, which has led to an increase in inflation and greater uncertainty in the markets.

Additionally, the bankruptcy of the cryptocurrency exchange platform FTX in November 2022 has also had a negative impact on investor confidence in cryptocurrencies.

Regarding short-term prospects, some analysts predict that the price of Bitcoin could correct to $95,000, while others see the current decline as a possible bearish trap. In summary, the decline of cryptocurrencies is due to a combination of economic and political factors that have generated uncertainty in the markets.