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Crypto

Bitcoin Bear Market Leaves Strike Founder 'Getting My Ass Kicked'

Guavy AI Editorial Team
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BTC
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Strike founder Jack Mallers reflected on his experience with Bitcoin's bear market in an essay published last Friday. He had stepped down as CEO of Twenty One Capital just days before, and this event served as a reminder of the risks and resilience of cryptocurrencies compared to traditional finance systems.

Mallers stated that he has been 'getting my ass kicked' by the bear market, but believes that this is what makes Bitcoin unique. He argued that painful downturns in the asset expose reality rather than hiding it.

Bitcoin's 24-hour spot volume reached $26.83B, a significant increase of 8.55%, while its market capitalization sits at $2.27T with a -0.82% change over the past 24 hours.

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