this post was submitted on 08 Aug 2024
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Cryptocurrency

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Crypto was once touted as a ‘safe haven’ asset – why did it crash too this week? (theconversation.com)
submitted 1 year ago by ModerateImprovement@sh.itjust.works to c/cryptocurrency@lemmy.ml
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[–] slazer2au@lemmy.world 17 points 1 year ago

Because it is the same as regular markets. Backed by nothing fuelled by speculation