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“When you throw in what safe moon crypto buy is happening in the bond market, it becomes easy for bitcoin prices to soften,” Edward Moya, senior market analyst at Oanda, said in a note. In fact, it has become very expensive and slow to conduct transactions using cryptocurrencies. It takes about 10 minutes for a bitcoin transaction to be validated, and the average fee for just one transaction was recently about $20. Ethereum, the second-largest cryptocurrency, processes transactions slightly faster but also has high fees. The world’s largest cryptocurrency bitcoin briefly dropped below the $24,000 mark around 05:00 a.m. ET, according to CoinDesk data, before jumping back above that level shortly after. $32 BILLION exchange collapsed and it took just 2 months for Bitcoin to recover. 👉More self-custody 👉Anti-fragile👉Bitcoin