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Crypto traders in Asia might not be happiest to read this report

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Asia became a hotbed for cryptocurrency adoption following the 2020 COVID-19 pandemic. In its latest report, the International Monetary Fund (IMF) found that the general cryptocurrency market and the Asian equities market now share a strong correlation that was non-existent before the pandemic. A post-COVID crypto world? Before the pandemic hit, the IMF found that […]

In this regard, the United Nations agency noted,

According to the report, this could mean “possible spillovers of risk sentiment among the crypto and equity markets.”

 

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