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Bitcoin, Ethereum, Dogecoin continue to slide
Bitcoin the best hedge against inflation: Carl Runefelt
Kasta co-founder Carl ‘The Moon’ Runefelt provides his outlook for bitcoin in 2022 on ‘The Claman Countdown.’
Bitcoin prices tumbled on Monday with stock and bond markets closed for the Martin Luther King holiday.
The largest crypto by market value slipped over 1% in afternoon trading, hovering around the $42,000 level.
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Ethereum and Dogecoin were also lower.
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Despite the ongoing volatility, digital currencies are expected to grow in acceptance this year as Bitcoin’s value remains well off its highs just two months ago. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize.