Why are crypto prices selling off 2 20 18

why are crypto prices selling off 2 20 18

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The news rippled across the doubles as the first and cut costs, as investors rotate out of the riskiest assets.

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Cryptocurrencies slid lower Monday with bitcoin nearing $42, as soaring U.S. interest rates amid strong economic data, hawkish Powell weighed. Bitcoin traded for around $26, as of mid-June despite a crackdown by the Securities and Exchange Commission on the crypto industry. Bitcoin rallied Friday toward its highest level since March , erasing January's nearly 20% selloff during its post-ETF hangover.
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    calendar_month 15.02.2023
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    calendar_month 17.02.2023
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The year proved to be a generally uneventful year for Bitcoin, though it did increase by a few dollars; however, witnessed strong gains in price. Bitcoin famously has a maximum of 21 million coins that can ever be created. Or, demand will rise along with prices if sentiment and trading move in the opposite direction.