Crypto

Crypto Prices In Decline

An asset is only worth what the current owner and the one who desires it agrees it to be. The crypto markets are more of an agreement in progress.
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Crypto Prices In Decline

Since early April, the combined crypto market has lost an estimated $400B. Analysts point to upcoming Q1 earnings reports and ongoing federal attempts to address inflation as driving factors in the drop.

Render unto Caesar. Jeff Anderson, CIO at Folkvang Trading, says tax-related selling has a definite role in the decline. With the price of Bitcoin reaching the historically popular buying price of $38K, some project a temporary dip and quick recovery.

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