Ok, but more seriously:
this isn't a crypto-specific or crypto-caused move.
Everything is down today; equities are probably leading crypto: ftx.com/markets/stocks
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DOW HITS RECORD HIGH
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I still do not understand how inflation and/or fed funds rates increasing by some less than single digit to a small single digit figure should impact crypto that is growing at some triple to quadruple digit figure. Buy the dip!
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Fed hinted at QT. Whole new ball game.
Also, crypto grows because capital flows in to the markets. If debt is more expensive and capital more scarce less money comes in - aka dump. Crypt is a trillion dollar market credit markets will move it.
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