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Valentin Fournier, analyst at BRN, a digital asset advisory firm, said that this tendency to sell on highs in the near future may stem from concerns about the heightened risk of recession in the United States. Market sentiment has driven the reduction of exposure to risky assets. "Economic reports have increasingly shown that the risk of recession cannot be ignored. The ISM manufacturing index was 0.5% lower than expected, and job openings were 7.70 million, while expectations were 8.10 million....
On July 23rd, Valentin Fournier, an analyst at digital asset research firm BRN, said in an email that we recommend maintaining exposure to the positive momentum in the cryptocurrency market, but favoring Bitcoin over Ethereum, as we believe the hype and (ETF) inflows of Ethereum have been absorbed by the market. We expect Ethereum to fall to a level between $2,800 and $3,100 before rebounding to $4,000 in September. 10X Research founder Markus Thielen said in a Tuesday newsletter that...
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