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Thursday, August 8, 2024
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    HomeFinanceWhy has Bitcoin and cryptocurrencies misplaced 60% of their market capitalization from...

    Why has Bitcoin and cryptocurrencies misplaced 60% of their market capitalization from all-time highs?

    Hosted by crypto analyst Marcel Pechman, Macro Markets airs each Friday on Cointelegraph Markets & Analysis’s YouTube channel and explains complicated ideas in layman’s phrases, specializing in the trigger and impact of conventional monetary occasions on day-to-day crypto exercise.

    Macro Markets’ newest exhibit opens by exploring why the crypto market capitalization is roughly 60% off its all-time highs, whereas the S&P 500 is lower than 15% off its peak. In keeping with Pechman, the sector suffers from an enormous drawback of not being good for the commodity and never good for the overseas forex. Additionally, not each funding fund can maintain cryptocurrencies.

    Proceed studying Coin Telegraph.

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