There appears to be increasing anxiety in cryptocurrency markets after the prices of Bitcoin (BTC) failed to maintain above the psychological $10,000 level in February. The disappointment came less than three months ahead of the highly anticipated Bitcoin halving. Although Bitcoin had performed relatively well compared to other major asset classes before massive corrections happened in March, recent macro events have long been looming in both the traditional and crypto markets. That extra layer of uncertainty seems to remain intact, at least into the near future.
Related: Institutions Eye Bitcoin as Hedge Against Global Economic Volatility
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