Crypto Plunge: Bitcoin Dashes Recovery Hopes as Prices Decline
The leading cryptocurrency by market capitalization falls along with traditional markets after Germany’s producer price inflation hit a record high of 37 percent. Bitcoin (BTC) dropped below $22,000 early on Friday, reversing the gains made after the U.S. Crypto Plunge came in lower than expected last week. This led to a drop in the rest […]
Bitcoin Slumps to $21.5K in Premarket Trading.
Bitcoin Slumps Before the U.S. stock market opens, Marathon Digital and Riot Blockchain are both down more than 10%. As Bitcoin Slumps and its bullish momentum starts to fade, cryptocurrency-related stocks are trading much lower in Friday’s premarket. The cryptocurrency’s price recently went down 8.6% to about $21,500. Marathon Digital (MARA) and Riot Blockchain (RIOT) […]
Study Shows $6B Blockchain Investment from September – June
Blockdata found that Alphabet, the company that owns Google, took part in four Blockchain Investment rounds that raised a total of $1.5 billion. According to a study by Blockdata, between September 2021 and June 2022, 40 of the biggest companies in the world put about $6 billion into Blockchain Investment companies. The study examined the […]
Technical Analysts say Bitcoin could fall to $10k
Crypto traders and investors alike are interested in predicting the direction in which the leading digital asset will go as a consequence of the shifting price of Bitcoin (BTC) in the market over the last several months. Technical analysts Kevin Wadsworth and Patrick Karim of Northstar & Badcharts spoke with Kitco News on August 16 […]
Double-Digit Inflation: UK Bitcoin Traders Express Concerns
The Bank of England could raise interest rates more quickly, which could make the dollar weaker and cause Double-Digit Inflation. The cost of living in the U.K. went up by 10.1% in July, according to a government report released on Wednesday. This is the first time since COVID-19 that the UK has hit Double-Digit Inflation […]