Biden Issues Crypto Order; Inflation Expectations Hit Record High

“My best guess of what’s going on: With stronger oversight confirmed, segments of the market that value privacy (for ideological or illicit reasons) will rotate away from trackable crypto assets like BTC and [ether] ETH. Or at least this is what traders are speculating on,” Ilan Solot, a partner at the TagusCapital Multi-Strategy Fund, said in an email.

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