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Published 2 years ago

Market Strategist Expects Stock Market to Drop 50% From Here, Says There's 'Going to Be No Middle Class Left' – Finance Bitcoin News

Summary by Ground News
After Jerome Powell's hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to slide lower, edging toward extreme fear. Research shows cryptocurrency and bitcoin markets have been more correlated with equities markets than ever before.

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