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Why is crypto falling

1. Funding stress. “Bitcoin and other cryptocurrencies, in general, looked overheated, and the Asian session drop was likely a 'funding reset'. In 24 hours, nearly $26 billion wiped off cryptocurrency market following massive cutback on oil prices reported CNBC. Cryptocurrency markets plummeted after. Cryptocurrency is here to stay, but Bitcoin and its clones will be obsolete, probably within this decade. Once the fall starts, it will come hard and.

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Therefore, the company is holding a conference called Bitcoin for Corporations on Feb. One explanation for the resilience of bitcoin relative to other cryptocurrencies is that investors in the space may view BTC as the most stable digital token at the moment. Nathan Reiff Updated Dec 6, In the digital currency space, it's common for many coins and tokens to move in similar patterns. The thing with short-term traders is just that: They don't stick around long term. This why is crypto falling index presented a sell signal on the 4-hour chart projecting that a steep correction was underway. The Turkish lira has fallen considerably, and many people in Turkey have turned to BTC as a more stable store of value than their local fiat currency. Many early investors who were why is crypto falling to make gains from the "cryptocurrency craze" have since moved on to other ventures, leaving a smaller group of stalwart HODL -ers behind.

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