Should You Sell Your Crypto? Advisers Say Don't Panic as Bitcoin Slumps – Bloomberg

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Use the slump to determine which crypto assets are safest, advisers say.
A chart displaying Bitcoin value in the window of a cryptocurrency exchange kiosk in Istanbul, Turkey, on April 26.

Cryptocurrencies are getting sucked into the broader market turbulence, but financial advisers are urging anxious investors not to panic.
Bitcoin briefly fell below $30,000 Wednesday, its lowest level in nearly a year. Shares in Coinbase Global Inc., one of the largest crypto exchanges, slumped to a record low after it warned of slowing trading volume. Even coins pegged to the US dollar are feeling the heat, reigniting a debate over the value of algorithmic stablecoins.


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