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Watch Out! The Real Reason Crypto Is Going UP! (Bitcoin Whales)However, the most significant blow for crypto in was triggered by the collapse of FTX in November. This was a major cryptocurrency exchange which handled. Strong U.S. dollar triggers selling pressure in crypto. Trading volumes across the crypto market have taken a hit due to a number of factors. Bitcoin's value fell by more than half its value since its November peak, which caused the entire cryptocurrency market to collapse.
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