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Despite passing through the worst quarterly performance since the market crash in early-2020, some investors think the current market is still overvalued.
Furthermore, some believe this is just the beginning of the downward trend.
According to figures from Nasdaq, the PE ratio for the $S&P 500 Index(.SPX.US$ (using the trailing 12 months as reported earnings) has been at around 25 or above for over a year now – the only other times this level has been...
Furthermore, some believe this is just the beginning of the downward trend.
According to figures from Nasdaq, the PE ratio for the $S&P 500 Index(.SPX.US$ (using the trailing 12 months as reported earnings) has been at around 25 or above for over a year now – the only other times this level has been...
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Bitcoin dropped as much as 16% on Tuesday morning after breaking through $52,000 late Monday. It was last down about 9.5% and trading at $46,892.04, according to Coin Metrics. Ether fell 12% to $3,441.21.
XRP and Polkadot’s dot token were down even more, having plunged more than 20% during the same 24-hour period.
Several market observers emphasized that bitcoin suffered this downside amid robust selling activity.
Source:
Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
XRP and Polkadot’s dot token were down even more, having plunged more than 20% during the same 24-hour period.
Several market observers emphasized that bitcoin suffered this downside amid robust selling activity.
Source:
Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
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