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In new bitcoin bull market, it's time to beware of the same old crypto scams

1. Bitcoin surpasses $90,000, raising FOMO among investors and scammers. 2. In 2022, over 69,000 complaints of crypto fraud caused $5.6 billion in losses. 3. Scammers leverage well-known figures like Elon Musk to perpetrate fraud. 4. Urges investors to research companies to avoid falling for scams. 5. Cybersecurity experts emphasize skepticism toward unusual offers and investments.

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FAQ

Why Bearish?

The rise in scams may deter investment in crypto, impacting related stocks negatively.

How important is it?

Ongoing scams in crypto can create broader market instability, affecting investor confidence.

Why Short Term?

Immediate awareness of scams can influence investor sentiment rapidly.

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