Tag: bear market

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Shorting Tether and Looking for a Bottom on Crypto

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the staff of the Ridgewood blog

Ridgewood NJ, a recent Twitter thread compares the last bearish phases in the crypto market to the current situation to see if the bear market has reached its bottom yet. It presents data from previous bear market bottom zones with metrics. BTC (Bitcoin)has always bottomed at around 70-85% from its top price except for the drawdown in 2011. It is still far too soon to tell if the market has reached the bottom yet. The current macroeconomic situation makes everything more uncertain.

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New Jerseyans losing interest in crypto following recent crash, finds survey

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  • New Jersey workers would have each lost $3,415.21 if they had opted for their salaries to be partly paid in crypto.
  • Employees in Montana would have made the biggest losses following the crash.
  • Infographic showing crypto salary losses across America.

 

the staff of the Ridgewood blog
Ridgewood NJ, a recent survey by CouponBirds conducted prior to the recent crash in crypto currencies revealed that the average New Jersey employee would have liked to have received 43% of their monthly salary in a virtual currency. However, since the recent crash in crypto currencies, which has seen the value of Bitcoin drop by 57.01% since January, it appears New Jersey workers’ enthusiasm for crypto currencies has cooled.

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