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Heavyweight hedge fund Elliott says Trump administration driving a crypto frenzy - MarketWatch

1. Elliott Management criticizes crypto frenzy influenced by the Trump administration. 2. Hedge fund warns of an 'inevitable collapse' in crypto prices. 3. Bitcoin surged 55% since the election, now over $104,000. 4. Elliott claims crypto enthusiasm undermines the dollar's global reserve status. 5. Concerns grow over political influence on cryptocurrency valuations.

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FAQ

Why Bearish?

Concerns about a potential collapse in crypto values could negatively impact BTCUSD.

How important is it?

The article addresses significant concerns from a major hedge fund about cryptocurrencies.

Why Short Term?

The immediate fears of a market correction may influence trading behavior soon.

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