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Samana has examined the developing role of cryptocurrencies in the market, following the approval of the SEC- Senior Market Strategist.
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In the past 24 hours, the crypto market lost 5.09% of its market capitalization. When writing, the market cap stood at $1.68 Trillion.
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Despite the intraday decline, ETH price is still in the positive boundary as it still recorded a 13.52% surge in the weekly time frame.
The Senior Global Market Strategist at Wells Fargo Investment Institute, Sameer Samana said in an interview with Bloomberg, that he has examined the developing role of cryptocurrencies in the markets, after the crucial decision of the US Securities and Exchange Commission, over the approval of spot Bitcoin ETFs.
He further added that the mellowing of crypto with respect to time, specifically Bitcoin, favored the potential of these digital assets to be part of a well-diversified investment portfolio.
However, Samana highlighted th
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