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Crypto's Seven-Month Slide and What Comes Next
Bitcoin has lost nearly half its value since October. Ethereum is down close to 60%. In this video, Jim Iuorio of TJM Institutional Services walks through the two-phase selloff that brought crypto to this critical juncture and explains why Thursday and Friday of this week could be pivotal. The decline started when markets began questioning the valuations of AI stocks that had driven a multi-year rally in risk assets. Bitcoin and Ethereum, which tend to correlate with the Nasdaq, got pulled down in that broader derisking. The second leg lower came with the Iran conflict, which pushed the dollar higher, lifted yields, ...