this year with hikes going from 0.25% to as high as 1% by the end of the year. Many market pundits believe the growing concern around inflation added with the omicron rise has led to sell-off on Wall Street, which eventually trickled down to the crypto market.
The user went on to add that the volatility in the crypto market is the reason behind “why bonds and stocks are crashing because everybody gambled on crypto and took money out of other assets to do so!”could have fueled the crash earlier. Because of ETFs and institutional investors, BTC has become more intertwined with the equity markets. The cryptocurrency market has been swaying in lockstep with Wall Street.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Billionaire Mike Novogratz Who Predicted $38K Bitcoin Bottom Speaks on Market OutlookMike Novogratz, crypto billionaire who predicted $38,000 Bitcoin low, talks market outlook
Source: Utoday_en - 🏆 295. / 63 Read more »
MicroStrategy $5 Billion Bitcoin Stash Is Not Getting Sold, Says Company CEO Michael SaylorICYMI: MicroStrategy is not planning on selling its multibillion stack despite the $BTC and crypto market correction Bitcoin BTC
Source: Utoday_en - 🏆 295. / 63 Read more »
Here’s how traders capitalize on crypto market crashes and liquidationsEveryone’s smart during bull markets, but there are ways to generate profits during bear trends. Here’s how to capitalize on liquidations. Wow. sounds sad. We need to find a way to protect crypto from hackers. And we will forget about it within a week just like Coinbase hacks. But we talk about Bitfinex and Binance for years, even though they returned all stolen funds to users. But no one cares about that...
Source: Cointelegraph - 🏆 562. / 51 Read more »
$200 Billion Gone From Crypto Markets as Bitcoin Dumped to 6-Month Low (Market Watch)The bears have complete control over the cryptocurrency market with $200 billion gone in a day as BTC dumped below $40K.
Source: Crypto_Potato - 🏆 568. / 51 Read more »