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  • Scott Melker, known as “The Wolf of All Streets,” is an influential crypto trader and investor.
  • Melker explains yield farming in decentralized finance and shares 4 of his favorite tokens.
  • He also shared his thoughts on the current state of the crypto market and what investors should do.

As bitcoin briefly dipped below $30,000 on Tuesday for the first time since January, even the most bullish crypto traders and investors had to reckon with the possibility of another multi-year bear market.

Amid a new wave of mining crackdowns from China, crypto products have seen a third week of consecutive outflows totaling $79 million in what is the longest bear run since February 2018, according to CoinShares.

Guggenheim’s chief investment officer Scott Minerd, who in February said bitcoin could eventually reach $600,000, also warned about the near-term bearish sentiment in a Tuesday tweet.

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