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margull Rani
This wave of BTC and ETH decline actually aligns with the Nasdaq's drop in the US stock market.
Once Federal Reserve Chair Powell turned hawkish, the expectation for a rate hike in September immediately increased.
The Nasdaq corrected accordingly, and of course, BTC and ETH, which have higher risk appetite, naturally corrected more. Even gold fell quite a bit, not to mention the so-called digital gold BTC.#WalshInflationRisk #BTCGoldCorrelation #SchwabExpandsCrypto
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