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Bitcoin drops below $20,000 as crypto selloff quickens
The price of bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. NEW YORK — The price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is…
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Bitcoin Price Outlook for June — Market Conditions Show Uncertainty
Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in…
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What’s a Bear Market?
A 16th-century proverb advises: “It’s unwise to sell a bear’s skin before catching it.” That’s one of the stories used to explain why, in modern times, Wall Street types call someone who sells a stock expecting its price to drop a “bear.” It follows that a market in which securities or commodities are persistently declining in…
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The 6 Best New Cryptocurrencies to Invest in May 2022
The crypto market may be entering a new ‘crypto winter.’ But after every past bear market, cryptocurrencies have come roaring back stronger than ever. That’s why aggressive investors should be looking for opportunities and take well researched decisions to buy while the market is down. In this guide, we’ll show you the 6 best new cryptocurrencies…
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Bitcoin Is Increasingly Acting Like Just Another Tech Stock
The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks. SAN FRANCISCO — Bitcoin was conceived more than a decade ago as “digital gold,” a long-term store of value that would resist broader economic trends and provide a hedge against inflation. But Bitcoin’s crashing price over the last month shows that vision…