Crypto going down
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Bitcoin advocates tend to argue that the digital asset is not closely correlated to other assets, like stocks, and so it can therefore act as a safe haven during market sell offs. But the recent plummet shows that may not be the case. Why iscrypto dropping Looking at the future of cryptocurrency, if the past is any indication, investors in cryptocurrency are in for an exciting ride. Some interesting crypto predictions to watch out for in 2022 include:Crypto is down
Meanwhile, Bankman-Fried was making himself out to be an industry savior. The 30-year-old living in the Bahamas was poised to pick up the carnage and consolidate the industry, claiming FTX was in better position than its peers because it stashed away cash, kept overhead low and avoided lending. With a net worth that on paper had swelled to $17 billion, he personally bought a 7.6% stake in Robinhood. Table of Contents To enjoy additional benefits
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This affliction could spread to certain other investment sectors in a variety of different ways. Among these channels is leverage. A significant amount of Bitcoin investments are in derivatives such as “perpetual” exchanges, which are never-ending bets on future price movements. Wall Street ponders splitting up Disney: 'Why not make a clean break?' Many traders in crypto use borrowed money to boost their returns, which leaves them vulnerable to having their positions automatically sold if prices drop. In the last 24 hours, more than 775,000 traders have had their account liquidated, equal to $8.6 billion worth of crypto, according to Bybt.com data.Bitcoin other plummet this weekend
The weekend crypto price drop also affected the total market value of the space, which lost close to $400 billion and dropped to around $2 trillion, before recovering to around $2.2 trillion from a high of $3 trillion last month. Top Crypto Gainers Bitcoin and other cryptocurrencies rallied Tuesday, with the leading digital asset blowing through a key level to hit its highest point since the crypto crash accelerated last summer. Prices could keep rising in the short-term with bulls back in charge.