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The latest crypto crash is further proof of this sector's volatility. The price of bitcoin fell below the us$50,000 mark at the end of this week. Bitcoin, dogecoin, ether and other cryptocurrencies are now worth about $2 trillion, but. The slump represented an acceleration of a downtrend in the world's no. 1 crypto that had begun over the past 10 days or so, investors and industry specialists. It is pretty difficult to time the crypto market and buy the dip as a new investor. Bitcoin, ripple and ethereum are all crashing today with the cryptocurrency market losing some $102billion over the past 24 hours. After bitcoin's massive crash last month, business analytics company microstrategy, the cryptocurrency's biggest corporate owner, warned monday it expects to incur a loss of at least $284.5.
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The price of bitcoin fell below the us$50,000 mark at the end of this week. In particular, when cryptos like dogecoin and ethereum began jumping, traders placed a broader focus on riskier assets. Well, they have used many terms from correction to regulation, taxation to centralized exchanges etc. The crypto market today is filled with reckless speculation. Is now the time to buy, sell or hodl your crypto? Why bitcoin is crashing right now. While this past downturn wasn't the big crash, it was the minor. But lately, things like bitcoin price and cryptocurrency news have gotten wrapped into the fold.
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