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Tom Essaye: Bitcoin’s Drop Shows Its High-Risk Nature

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Tom Essaye: Bitcoin’s Drop Shows Its High-Risk Nature

Bitcoin price today: BTC bounces back to $88,500 after sharp dip below $84,000

Bitcoin’s latest slide caught investors off guard, occurring just days after the cryptocurrency briefly rebounded from the $80,000 level. The move largely reflected profit-taking, thin liquidity, and broader macro uncertainty that weighed on risk assets.

“Bitcoin remains a hyper-volatile, speculative asset. It still moves in sync with risk appetite. When markets tighten, Bitcoin falls harder,” said Tom Essaye of the Sevens Report.

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Tom Essaye Quoted in OI Canadian Gaming News on September 21, 2021

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$250 billion vanishes from cryptocurrency market due to Evergrande case

The losses quickly spread to broader markets as experts began to warn that…wrote market analyst Tom Essaye, author of the Sevens Report, in a note last week. Click here to read the full article.

Tom Essay Quoted in UK News Today on September 20, 2021

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Crypto Markets Suddenly Lose $250 Billion In Value As Evergrande Turmoil Pummels Bitcoin, Ethereum And Other Major Cryptocurrencies

The losses quickly spread to broader markets as experts started warning its default could…market analyst Tom Essaye, author of the Sevens Report, wrote in a note last week. Click here to read the full article.

Tom Essaye Quoted in Via News on May 23, 2021

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Ark (ARK-USD) Cryptocurrency Is 17% Up In The Last 6 Hours

This is an evolution a bit — Ark accepting it’s a large fund-family now, while the number of companies in which Ark holds more than…said Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter.  Click here to read the full article.

Tom Essaye Quoted in Bloomberg on May 20, 2021

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U.S. Stocks Are Mixed; Bitcoin Resumes Decline: Markets Wrap

“For people to say Bitcoin shouldn’t influence equity prices on a short-term basis, that’s crazy. We live in a 24/7 market and at least in the short term…” said Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter. Click here for the full article.