Bitcoin Loses 11% Value In 24 Hours

The video discusses the recent downturn in the crypto market, highlighting Bitcoin's correlation with NASDAQ and the impact of Federal Reserve rate hikes. Bitcoin's value has significantly dropped, causing concern among investors. Greg Johnson, CEO of Rubicon Crypto, provides insights into the market's future, emphasizing that the current situation is a 'crypto winter' rather than extinction. He advises treating crypto as an emerging technology with a long-term investment horizon. The volatility is largely attributed to institutional investors and financial indicators like inflation and interest rate hikes.

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