It's a good day to buy cryptocurrency: Defiance ETFs' Sylvia Jablonski



Sylvia Jablonski, Defiance ETFs, joins ‘Closing Bell’ to discuss what she’s buying amid the market sell-off. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

Bitcoin fell sharply alongside other assets on Friday, hitting a seven-week low and officially entering bear market territory.

The world’s biggest cryptocurrency sank nearly 8% in the last 24 hours to $54,321, according to Coin Metrics data. The slide brought bitcoin to its lowest level since early October.


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Bitcoin is down more than 20% from an all-time high of nearly $69,000 which it hit earlier this month. Bear markets are typically defined by a decline of 20% or more from recent highs.

Other cryptocurrencies also plunged Friday. Ether, the second-biggest crypto, fell more than 10% to $4,059, while XRP slumped 9.9% to just under 95 cents.

Digital currencies are falling in tandem with other risk assets amid panic over a new, heavily-mutated variant of the coronavirus first detected in South Africa.

The World Health Organization on Thursday gave a briefing on the new variant, which is known as B.1.1.529 and is thought to contain more than 30 mutations. The U.K. and other nations have temporarily suspended flights from six African countries in response.

Global stock markets were sinking Friday, with European stocks set for their worst session in more than a year and U.S. stock futures down sharply.

Investors are retreating from riskier assets for the relative safety of bonds, with U.S. Treasury yields moving sharply lower. Bond yields move inversely to prices.

Bitcoin has often been described by its proponents as “digital gold,” a reference to the yellow metal’s status as a so-called safe haven asset.

Crypto investors say the virtual currency offers a store of value as well as a hedge against inflation.

It’s worth noting that bitcoin is a volatile asset, and has been known to experience price swings of more than 10% on a single day.

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14 thoughts on “It's a good day to buy cryptocurrency: Defiance ETFs' Sylvia Jablonski

  • March 20, 2022 at 11:43 am
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    👆👆👆👆👆👆<Amazing post 👍 I must say. The crypto has moved without any sign of stopping over the past few days and weeks, with moves reaching a clear dead end. An analyst now points out that BTC has held above a macro level for the past several months. I appreciate your honesty / most of the tubers that day are over the moon / the funniest thing is that nobody talks about it or thinks about what is going on around us !! / Stock market, delta variant, inflation, etc .; Leave him alone to see how Bitcoin behaves in the same situation I put it through.👌The best thing to do now is to negotiate with a professional like Lamont Gary.

    Reply
  • March 20, 2022 at 11:43 am
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    Buy at $54k and buy at $48k. Long term the dollar is done for.

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  • March 20, 2022 at 11:43 am
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    Cryptocurrency prices are notoriously volatile and it might be too early to tell whether the latest dip marks the start of a reversal of the 2021 bull market, or if it's just a correction on the way to new all-time highs. The one area of concern is that the move lower has seen crypto assets fall out of its multi-week ascending channel, turning the technical outlook from positive to neutral. While the long-term growth of digital assets still looks strong, the short-term correction has increased panic in the market…It doesn't matter if you are a current hodler or a new investor, you can always capitalize on the volatility of Cryptocurrencies by trading with the guidance of a professional. I have been trading Crypto for less than a month now and I was only able to make 9.2btc with signals provided by James Robeson. He can easily be reached on Telegram💬as [Jamcypto1], or What'sapp✙4917662729474 📈☑.

    Reply
  • March 20, 2022 at 11:43 am
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    Mrs Elizabeth is legit and her method works like magic I keep on earning every single week with her new strategy?

    Reply
  • March 20, 2022 at 11:43 am
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    <The year 2021 has been like a rollercoaster so far. The markets started off with a bang, with Redditors gathering and shaking up Wall Street by trading Gamestop stocks. Then, Bitcoin started spinning the charts up and down, Ethereum surprised pretty much everyone with its price hikes, altcoins started booming like never before (just think about DOGE), new market actors even rushed in to join the race. After all this, if you are still on the fence about getting in because you are worried that it’s too late to get started then you have to trade with the guidance of a professional<In three weeks of trading I have been able to make 9 btc using signals from Liam Noah . he can easily be reached on Telegram as [ liamnoahs ].

    Reply
  • March 20, 2022 at 11:43 am
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    🚀🌈Bitcoin Price Prediction – Bulls Back in Control and Eyeing $65,000. It has been a mixed morning for the broader crypto market. It was a bullish day for the rest of the majors, however. Well as for me I’m taking advantage with accuracy and strategies from Philomena Matthews Signals and strategies making profits even as we begin the race of a bull run. Good luck everyone.

    Reply
  • March 20, 2022 at 11:43 am
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    The year 2021 has been like a rollercoaster so far. The markets started off with a bang, with Redditors gathering and shaking up Wall Street by trading Gamestop stocks. Then, Bitcoin started spinning the charts up and down, Ethereum surprised pretty much everyone with its price hikes, altcoins started booming like never before (just think about DOGE), new market actors even rushed in to join the race. After all this, if you are still on the fence about getting in because you are worried that it’s too late to get started then you have to trade with the guidance of a professional. Since July till now, I have accumulated up to 12.8 b TC with exclusive tips from Crypto Analyst Rich .

    Reply
  • March 20, 2022 at 11:43 am
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    🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂🤦‍♂😂😂🤣🤣😂😂🤣🤣👎👎👎👎👎👎👎👎👎👎

    Reply
  • March 20, 2022 at 11:43 am
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    It's never a good idea to buy cryptocurrency unless you want government too take more of your rights away

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  • March 20, 2022 at 11:43 am
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    Nah I'm worried about the big guys saying buy. Why would they tell you to buy? Either they have bought already or they want to sell out and leave you with the guy.

    Reply
  • March 20, 2022 at 11:43 am
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    BTC, ETH & GRT is the best way to hedge a portfolio in my humble opinion against INFLATION & Black Friday sale in Crypto is going on NOW but only while supplies last. NOT FINANCIAL ADVICE, CAPISH?
    May the Force be with Crypto

    Reply
  • March 20, 2022 at 11:43 am
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    ETH in the Metaverse? LOL that’s gonna be one expensive Metaverse to use. I wouldn’t trust her reasoning, although BTC is still at a steal. Anything below $55,000 is a good idea.

    Reply

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