ETC Group's Bradley Duke speaks to Proactive London about crypto's 'scary ride' lately.
He says it's still 'a new world' and the story is changing. Bitcoin has dropped from nearly $69,900 in November to $35,000 now as investors rush away from risky and speculative assets - which Duke says is strange because it's now 'behaving a lot like a risk asset'.
Over the weekend, Bitcoin fell 7.2%, trading as low as $34,042 on Saturday, before rising back up again above the $35,000 mark. During the same period, Ethereum also dropped 12%, while Cardano and Solana dipped nearly 17%.