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Why cryptocurrency crashes are tanking luxury watch prices

Cryptocurrency is at a historic low, losing nearly US$1.9 trillion ($2.8 trillion) in value since the height of a massive rally in 2021. Bitcoin prices, now down 70 per cent since its peak of nearly US$69,000 in November, are struggling to stay above US$20,000. At the same time, Ethereum, the second most popular digital currency, has also seen a similar decline, while other digital currencies have little to no value.Almost a year into the crash, the crypto market has yet to see clear signs of an