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Bitcoin: The ‘good’ news for BTC in the face of ‘escalating risk’
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ambcrypto.comThe financial market is in disarray. The Nasdaq tumbled by more than four percent amid worries over inflation, rising interest rates, and a slowing economy. The digital asset sector is no different. In fact, the crypto-market has dropped by more than 40%, with its market cap observed to be ‘just’ $1.27T at press time.
What’s in-store in the coming days? Well, Glassnode’s Unchartered #15 highlighted a few possible scenarios…
<p lang=«en» dir=«ltr» xml:lang=«en»>#Bitcoin dropped below $30k as inflation fears and the Fed’s readiness for “short-term pain” rattled markets.Drawdowns from ATH – $BTC -58% – $SPX -18% – $NDX -30% – US bonds -15%
Deep dive into the latest #BTC outlook in times of extreme fear
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