while the excesses of the last few years get wrung from global markets.
Bloomberg Intelligence’s Mike McGlone said $US40,000 is an important technical support level for the digital token. Cryptocurrencies are a good barometer for the current reduction in risk appetite. “It is heart-pounding, nerve-racking for any investor that’s looking at it, especially if they come from a traditional equity market,” he said. But, he added, “this is completely normal for this asset class.”
Smells like buy time!
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