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IG Markets analyst Tony Sycamore emphasized in an interview that this week's sharp decline is a reminder that cryptocurrencies are largely on the "cusp" of risky assets. Sycamore believes: "This is a position wash, driven by some recession and hard landing fears, as well as some war fears, as Israel and Hezbollah clashed over the weekend and the United States is also strengthening its military presence in the region.

2024-08-05 14:20:07