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Is crypto having an identity crisis?

From etoro.com

After soaring to great heights in 2021 ― ATHs, the NFT craze, mainstream adoption ― cryptocurrencies have endured a steady selloff in 2022, as total market cap plunged from a record $3 trillion last year to just under $1 trillion currently. Of course, crypto is not the only thing down in 2022. However, the dip has caused analysts to speculate whether assets like bitcoin (BTC) and ether (ETH) now move in tandem with traditional markets, and no longer to the beat of their own drum. While we have heaps of historical data to show that the stock market and other securities are cyclical, the tape on crypto runs short. As ... (full story)

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  • Category: Fundamental Analysis