How The Greenback Turned Bitcoin and Crypto into a Sea of Red

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Bitcoin has crashed over 10%, Ethereum over 15%, and the total cryptocurrency market cap has lost over $37 billion in value over the last 48 hours alone. Several signs point to a potential top in the crypto market – whether temporary or not remains to be seen. A flight back into the safety net of the dollar and a major reversal in the greenback could be responsible for the crypto market turning into a sea of red. These assets, however, may only be just getting their feet wet for now, with a deeper plunge into an ocean of uncertainty as the United States election nears. The United States Presidential Election Risk Prompts Porfilifo Reshuffling, Selloff into Cash The month of September and Labor Day celebrates the end of the summer and a return to harder work ahead. It is also the final stretch of campaign runway that former Vice President…

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