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Crypto derivatives can foresee price action but need institutional buzz to truly shine By Cointelegraph

The cryptocurrency market has been beneath a interval of duress, with a majority of the tokens within the cryptoverse witnessing a price hunch that has set in for the reason that first week of December. The flagship cryptocurrency token, (BTC), underwent a flash crash on Dec. 4, whereby the price of the token fell beneath $50,000 in almost two months, as per information from Cointelegraph Markets Pro.

This phenomenon was witnessed among the many majority of the cryptocurrency tokens because the market was regularly painted in purple. and Ether (ETH) got here to be the community and token of selection for a majority of decentralized finance (DeFi) protocols as Ether witnessed a 19% price drop.

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