"Bitcoin and crypto experienced fast pace selling over the weekend that reached all the way down to the $17K price level. For a crypto bull, you do not want to see a snap back, but a calming of volatility. Over the past week, bitcoin Futures experienced unprecedented implied volatility of over 100%. Bitcoin is not an inflation hedge. The next upward move for bitcoin would be the $23K price level," says Scott Bauer.
21 Jun 2022
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