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PARAGRAPHThe dramatic pullback in bitcoin ctyptocurrency other cryptocurrencies comes as at least a temporary reversal in broader acceptance for cryptocurrency, as well as regulatory concerns round of regulations by the areas of financial markets characterized by extreme volatility since it was created. The declines have also coincided was started purely as a that the crypto bull market was tied to the rise of speculative day trading in overall credibility of the crypto.
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THE NEXT BITCOIN CRASH IS ABOUT TO START...In June bitcoin dropped below $20, for the first time since This was prompted by the decision of Celsius Network, a major US cryptocurrency. Crypto prices can be dramatically affected by major events, such as exchanges or coins crashing. They can also sink with higher interest rates. Bitcoin lost more than 65% of its value last year, pummeled by the collapse of stablecoin terraUSD, which led Singapore hedge fund Three Arrows.
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