The bounce in cryptocurrency prices followed two violent bouts of selling.
Then an even worse round of selling last week saw the value of the entire cryptocurrency market plummet around $93.5 billion within 24 hours.wiping out all its gains for the year. As the selling continued into the next day, bitcoin hit a one-year low of $3,867.09.Over the past few years, some investors have likened bitcoin
arguing it can function as a safe haven asset when markets are facing turmoil. However, the cryptocurrency has behaved more like a risk asset and sold off as equity markets dropped.
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