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Quinten Francois: Crypto market selling off after Ledger CEO warning is stronger than past exchange hacks

Quinten Francois: Crypto market selling off after Ledger CEO warning is stronger than past exchange hacks
Crypto reacts more to Ledger CEO warning

Quinten Francois questioned whether the crypto market is experiencing a stronger selloff in response to a warning from Ledger's CEO about eventual hacking risks than it did after actual cases of exchange and hardware wallet breaches.

Francois added that this behavior may indicate the market bottom is approaching.

Francois has previously questioned the logic of calling a cryptocurrency undervalued solely because it has fallen 90 percent from earlier highs, as noted in a past analysis. He also recently observed that the total crypto monthly RSI climbed above 50 after six months, a pattern seen in previous recoveries, according to his prior commentary. These points contribute to his ongoing assessment of market signals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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