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What lies behind collapse in crypto market?
Both Ethereum and Bitcoin have again suffered
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Both Ethereum and Bitcoin have again suffered a sharp decline this week. In essence, the latest crypto market crash began on Thursday when news emerged about the new Federal Reserve chair. It appears to be Kevin Warsh. All financial markets reacted rather strangely to the unexpected Fed chair candidate. Many had expected Christopher Waller or Kevin Hassett to be appointed. But Trump once again made a surprising move and "outplayed" everyone. Why did the market collapse? That's hard to answer, because Warsh is not known as a fervent advocate
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Paolo Greco,
Analytical expert of InstaForex
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