The world’s largest digital token fell as much as 5.1% on Monday and traded at around $32,630 at 10:47 a.m. in New York. Ether fell as much as 7%, while Solana dropped 7.3% and Avalanche dipped 9.4%.
“Crypto probably trades correlated to the Nasdaq until we hit a new equilibrium,” Novogratz said on Galaxy’s first-quarter earnings call on Monday. “My instinct is there’s some more damage to be done, and that will trade in a very choppy, volatile and difficult market for at least the next few quarters before people are getting some sense that we’re at an equilibrium.”
“In light of fears of rising inflation, most investors have taken a risk-off approach — selling stocks and cryptos alike in order to cut down risk,” said Darshan Bathija, chief executive of Singapore-based crypto exchange Vauld.Monday’s selloff was widespread across the cryptocurrency universe, with Cardano falling 8.4% and Polkadot down 6.7%, data compiled by Bloomberg show.
“The downward trend is likely to continue for the next few days,” he said, adding Bitcoin could test the $30,000 level.
Pretty funny tbh. Especially since you guys promo those bitcoin nerds all the time lol
Please stop these south African bitcoin scammers on here.....
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