Why the Cryptocurrency Market is in Shambles Right Now

 Why the Cryptocurrency Market is in Shambles Right Now

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From Bitcoin bros to Dogecoin memelords, there’s a common refrain in the cryptocurrency world, especially doled out to newcomers: “Be careful.” That’s because, as many people will tell you, cryptocurrencies are volatile by nature. This week’s crypto-panic is a perfect storm involving Chinese financial leaders and Elon Musk, which illustrates the risk of investing in both established cryptocurrencies like Bitcoin or Ether, and “shitcoins” or alt-coins like Dogecoin. Today, the price of bitcoin fell below $40,000, declining 30% in a single day as the value of Ether and…

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