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Vijay Ayyar, vice president of at the BNP Paribas -affiliated crypto exchange Luno, thinks the recent slump in crypto is more of a "correction" than but the market is drpo. Last week, Russia's central bank proposed banning the use and mining of cryptocurrencies, mimicking a volume followed by a sharp.
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| How to buy cronos crypto | Traders fear potential interest rate hikes and aggressive monetary tightening from the Federal Reserve will drain liquidity from the market. That's taken its toll on digital assets. Ayyar doesn't think such a scenario is on the table. That's got some crypto investors talking about the possibility of a "crypto winter. Last week, the Federal Reserve raised its benchmark lending rate by 75 basis points, its largest single hike since To further complicate matters, the fall in the value of a derivative token designed to be one-to-one redeemable for ether has exacerbated financial troubles at major industry players like Celsius and Three Arrows Capital. The crypto world is on edge as investors grapple with the impact of higher interest rates and liquidity issues at major industry players. |
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| How low is bitcoin going to drop | Skip Navigation. The No. Key Points. Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno, thinks the recent slump in crypto is more of a "correction" than a sustained downturn. Bitcoin is facing a number of headwinds including low liquidity which is contributing to volatility. This is the time again to focus on solving real problems vs. The crypto world is on edge as investors grapple with the impact of higher interest rates and liquidity issues at major industry players. |
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\It is assumed that in , the minimum BTC price might drop to $$,, while its maximum can reach $$, On average, the trading cost will be around $$. If bitcoin were to repeat this trend in , its price could reach $, by the first half of �BTC reached nearly $70, during the. At the end of the month, the Bitcoin price is projected to fall within the range of $63, to $63, Bitcoin Price Prediction September
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