The recent crypto selloff is signaling a strong risk-off sentiment as we move into the new year. According to DBS Chief Economist Taimur Baig, the drop in Bitcoin is likely driven by regulatory uncertainty, law-enforcement actions, and slightly tighter liquidity. This could also be a sign of exhaustion in speculative assets.
However, despite the volatility, crypto still doesnât control or define the U.S. economy.
đ What do you think? Is this just a temporary shakeout or the start of a bigger trend? Share your thoughts below.
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