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Itβs yet another bloodbath on Satoshi Street. As of press time, Bitcoin (BTC) and the broader cryptocurrency market have corrected another 10 percent amid a massive sell-off. Ethereum (EHT) is down a staggering 15 percent moving close to $1,000, down more than 42 percent on the weekly chart. Just at this time, Bitcoin and the broader crypto market have dropped to new 2022 lows. The Bitcoin price has tanked 10 percent dropping to $20,000. On the other hand, the altcoin space is witnessing even more brutal correction. Bitcoin has dropped nearly 60 percent year-to-date and more than 70 percent since its all-time high in November 2021. Just as the Bitcoin turmoil continues, crypto traders have taken to Telegram to voice their feelings. Crypto investors can reduce their anxiety about losses by joining the βBear Market Screaming Therapy Groupβ on Telegram. With the sharp downturn in the crypto market, yelling has become a coping mechanism for many crypto traders. This screaming therapy became popular after the surge of Goblintown Ethereum NFTs at the end of May or early June. Here, holders made incoherent groaning sounds in late-night Twitter spaces. They also role-played as urine-loving Goblin creatures. There have been several contributions to the group with members posting voice notes of screaming, yelling, groaning, and wailing in different rhythms and pitches. Calling out the βdegenerateβ community or the crypto obsessives that engage in high-risk trading, Co-founder of NFT renting protocol Rentable World emiliano.eth shared this group on his Twitter. He wrote: βhey degen, are you stressed? Just let it out all out. Voice only tg channel for screamingβ.
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