More Trouble For Crypto Market: Arthur Hayes Predicts Second Wave of Market Crash
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The crypto market is experiencing a severe downturn, with many altcoins dropping 20-50% daily. This marks the worst decline since the FTX collapse in 2022. The selloff mirrors a broader global market slump and reflects a significant trading period for equities. The sharp decline in crypto prices underscores its nature as a "risk-on" asset, which tends to fluctuate significantly.
Arthur Hayes has predicted a second wave of market crash, adding more trouble for the crypto market. His prediction is based on the current severe downturn, which has been exacerbated by broader global market conditions. This development highlights the inherent volatility and risk associated with crypto investments.
Source: coinpedia.org ↗
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