Why bitcoin’s breakdown could be crypto’s most important moment.
Bitcoin and most crypto prices have fallen sharply over the last few weeks. It’s hard to see how bitcoin recovers from this point. Given its dominant market share of the sector that’s clearly a problem for most other coins and tokens, but it is interesting to see divergence underneath the surface. For crypto to gain serious acceptance this will be a necessary, albeit unpleasant, process.
- Market: Bitcoin fails at a key level; the dominance of collective investment vehicles; can Ethereum turn around as protocols with genuine utility buck the trend? Crypto needs a re-set.
- CryptoVerse: World Mobile’s spat with Tristan Thompson; AI coins predictably catch a wave, but is it justified?
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