Purchase the dip, or await max ache? Analysts debate whether or not Bitcoin worth has bottomed
It has been a tough week for the cryptocurrency market, primarily due to the ecosystem collapse and its knock-on impact on (BTC), (ETH) and altcoin costs, plus the panic promoting that befell after stablecoins misplaced their peg to the U.S. greenback.
The bearish headwinds for the crypto market have been constructing since late 2021 because the U.S. greenback gained power and the USA Federal Reserve hinted that it could increase rates of interest all year long.
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