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Crypto Markets are Plunging Hard—Is This the Best Buying Opportunity?

  • The crypto markets experienced significant bearish action last week, but a weekend bullish push raised hopes for a recovery.
  • Bitcoin price fell below $102,800, leading to a decline in altcoin prices like Ethereum, Solana, XRP, and Cardano.
  • Market downturn attributed to reasons such as BTC profit-taking, ETF inflow drop, Coinbase security breach, and regulatory actions against illicit activities.
  • Despite market challenges, institutional interest in Bitcoin remains strong with companies like MicroStrategy accumulating BTC and new product offerings on CME Group and BlackRock's BTC ETF.

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