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Currency’s price drops under $36K, BTC’s hegemony grows, and Tens of Billions Exit the Cryptocurrency Currency

Trading volume reached an all-time low this year, reaching $34K per unit just after 5 a.m. (EST) on Saturday morning. Bitcoins are presently fallen over 48% from their all-time high (ATH), which it attained two months ago on November 10, 2021, when it surpassed the $69K mark. Bitcoin has dropped 17 percent of its value in the last week alone, and many traders and investors are wondering whenever the slaughter will stop.

UBS Cautioned of Cryptocurrency Winters As Fed Rate Hikes and Regulation Are Expected

UBS, Switzerland's largest bank, has warned of a cryptocurrency cold in which values would plummet and might even take even longer. The company's researchers outlined five significant factors that influence cryptocurrency values.
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