Bitcoin drops today

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Весьма как купить биткоин через банк моему мнению

Smaller coins, which tend to move in tandem with Bitcoin, also fell. Ether, the second-biggest by market capitalisation, slumped as much as Meanwhile, more traditional markets were a sea of red on Friday. The pan-European Stoxx dropped 2.

This content is not available in your region. Bitcoin and other cryptos have slumped after record highs. Is market manipulation the reason why? Bitcoin is often touted as a potential replacement for the traditional metal as a store of value. The weakness is not isolated in crypto, suggesting that the moves could be part of a larger rotation by investors away from more speculative trades.

Tech and growth stocks, many of which outperformed the broader market dramatically during the coronavirus pandemic , have also struggled in recent weeks. Stocks that are inflation plays are moving closely with cryptocurrency, Trivariate Research found. As Coinbase struggles, you were better off just buying bitcoin, according to one analyst.

As of Wednesday morning, the tech-heavy Nasdaq Composite has fallen 6. The small cap Russell is down 5. The declines have also coincided with the delayed deadline for tax payments, which could have caused selling pressure as investors looked for cash to pay off capital gains tax liabilities. Bitcoin and related assets have also come under increased scrutiny from regulators around the world as they have grown into a bigger part of the financial markets.

China, which is developing its own government-run cryptocurrency, reasserted its rules against other digital currencies on Tuesday, banning financial companies from providing services for crypto trading. In the U. The rise of dogecoin, which was started purely as a joke before gaining wider popularity with the help of Musk, could also have hurt the overall credibility of the crypto market.

Some of the moves in the smaller, less-developed coins suggest that the crypto bull market was tied to the rise of speculative day trading in stocks instead of the increased institutional interest. Other less serious cryptocurrencies have also seen increased interest in recent weeks. If it is a Ponzi, get in on the ground floor," Portnoy said in a video posted on Twitter.

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Email — contact cryptoground. Bitcoin News Ethereum news Altcoin news. Accordingly, negative headlines appear to be driving token prices down, as investors increasingly focus on the risks associated with this sector, rather than its growth potential. Bitcoin, Ethereum, and Polygon are three blockchain networks creating a tremendous amount of utility right now. Investors putting any sort of meaningful capital into this sector ought to be aware of the downside risks. Investors have seen the high-reward aspect of many cryptocurrencies in recent months.

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