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Why crypto tends to crash on the weekends - Fortune

<h1 style="clear:both" id="content-section-0">The Best Guide To SUSHI, STACK, DENT – These 3 Crypto Coins Could<br></h1>
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<p class="p__0">"There's a great deal of take advantage of embedded into crypto stocks so there will be a spillover impact into equity markets in the brief term and there is also rather the inflation fear as the market thinks the Fed might have to trek rates quickly if prices keep rising," said Thomas Hayes, chairman and managing member at hedge fund Great Hill Capital LLC.Federal Reserve authorities soft-pedaled any threat to the wider monetary system.</p>
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<p class="p__1">Louis Federal Reserve president James Bullard said. "We are all rather mindful that crypto can be extremely unstable."Bitcoin, the greatest and best-known cryptocurrency, had currently been under pressure from a series of tweets from Tesla's Musk. check out more Cryptocurrency rate decreases last week were sparked by Musk's reversal on Tesla accepting bitcoin as payment, pointing out the heavy ecological toll of "mining" bitcoin, which requires a lot of electrical energy to power the computers that create bitcoin.</p>
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<p class="p__2"> find out more 1/8File photo: The logo of the Bitcoin digital currency is seen in a store in Marseille, France, February 7, 2021. REUTERS/ A Reliable Source , Read More"His tweet definitely assisted the healing," stated Mike Venuto, founder and chief financial investment officer at Toroso Investments, which oversees $7 billion in assets. "Would it have recuperated some without it? Yes.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://responsive.fxempire.com/cover/615x410/_n/_fxempire_/2021/05/Cryptos-555.jpg" alt="Cryptocurrency news today: Bitcoin down 5 per cent; Dogecoin, Ethereum, Bianance Coin and other top ones trading in red too! Is Elon Musk the TRIGGER? Check Space X CEO viral tweet -"><span style="display:none" itemprop="caption">LIVE: Daily Cryptocurrency News - Bitcoin, Ethereum, &amp; More! (Feb</span>
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<h1 style="clear:both" id="content-section-1">Getting My Bitcoin Daily, Cryptocurrency Coins and Tokens News To Work<br></h1>
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<p class="p__3">On Wednesday, it struck a low of $30,066 and was last down 13% at $37,323. Tesla (TSLA.O) shares fell 2. 5%."Bitcoin's sharp cost drop need to come as no shock to the market," stated Gavin Smith, CEO of crypto consortium Panxora."Any property which has actually risen as much as bitcoin over the previous year can be anticipated to have pullbacks as some investors withdraw profits, like we're currently seeing."Bitcoin's decrease whacked other crypto assets, with ether, the coin connected to the ethereum blockchain network, last down 22.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://img.youtube.com/vi/_ootXGhs-aI/0.jpg" alt="Crypto News Alerts - Daily Bitcoin (BTC) &amp; Cryptocurrency News"><span style="display:none" itemprop="caption">CRYPTOCURRENCY HOLDERS GET READY - HISTORY IS REPEATING!!! Ethereum News Q&amp;A - BLOCKPATHS</span>
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<p class="p__4">Meme-based dogecoin also toppled, losing almost 26%, at 35 cents, according to Coingecko. Amid the volatility, cryptocurrency trading platforms Coinbase and Binance said they were examining or experiencing some service issues. Shares in Coinbase (COIN.O) dropped 5. 9% on Wednesday. Technical factors were also said to be at play as bitcoin appeared to speed up as soon as it fell below its 200-day moving average, a chart position which traders follow."The crypto markets are currently processing a waterfall of news that fuel the bear case for cost advancement," stated Ulrik Lykke, executive director at crypto hedge fund ARK36.</p>
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