If cryptocurrencies can’t have their moment in the sun when the entire Western monetary system is called into question, it may be time to call it quits.
As new sanctions hit Russia, the price of bitcoin keeps falling and is already 13% below where it was at the start of the year. Other digital currencies like ether and dogecoin have dropped in lockstep as stocks have stumbled, confirming once again that crypto gyrations mostly depend on broader speculative appetite.
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