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How Much Lower Will Crypto Go?

Is the bottom of this dump in? Or, are we just getting started?
Jack Inabinet Jack Inabinet Jan 22, 20242 min read
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market analysis How Much Lower Will Crypto Go?

Another day in crypto, another leg down! Tokens bled out on Monday, with the total crypto market cap (TOTAL) declining by 3.1% on the day. When will crypto prices find support?

Sell pressure from Grayscale’s Bitcoin Trust (GBTC) redemptions has contributed to the crypto markets’ downward trajectory. The investment manager deposited an additional $623M BTC to Coinbase this morning when US markets opened, bringing their total deposits to $2.7B.

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Jack Inabinet

Written by Jack Inabinet

279 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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