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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    In Just Seven Days.. $ 270 Million Is The Loss Of The Cryptocurrency Market

    Rocky
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    • Post n°1

    In Just Seven Days.. $ 270 Million Is The Loss Of The Cryptocurrency Market Empty In Just Seven Days.. $ 270 Million Is The Loss Of The Cryptocurrency Market

    Post by Rocky Sun 15 May 2022, 8:34 am

    In Just Seven Days.. $ 270 Million Is The Loss Of The Cryptocurrency Market
    05/13/2022
    41

    In Just Seven Days.. $ 270 Million Is The Loss Of The Cryptocurrency Market 778787

    Earth News/ The cryptocurrency bitcoin jumped 8.4% today, Friday, but remained down by 11% in its total trading, over the past week, which Bloomberg described as the most volatile week since October.
    The crypto market lost nearly $270 billion from the market value of its assets, according to CoinMarketCap.
    The second largest coin, Ether, lost about 20% of its value, while Luna lost about 99% of its value in a single day.
    And in the middle of last week, the turmoil briefly caused an impressive drop in the $80 billion stablecoin Tether - a giant in the market, and a major factor in many transactions - prompting its issuer to assure investors that all is well.
    The “Bloomberg” report indicated that the panic selling spiral affected, last week, the largest digital assets, and introduced terms such as “death spiral” into the slang of the market, and forced everyone to wonder about “other angles in the crypto world that may collapse soon, and cause the market to collapse.” .
    “We were shocked to see that a massive platform like Terra was shutting down,” said Mihir Gandhi, partner at PricewaterhouseCoopers and head of payments remittance business in India.
    “The fallout from space and what we learned after death are important and vital lessons as we move forward,” Matty Greenspan, founder of crypto research firm Quantum Economics, wrote in a newsletter published late Thursday.
    Relationship with the interest rate
    The report notes that there are other challenges facing cryptocurrencies, not least their tendency to trade more and more like technology stocks, and the close association with stocks has undermined the argument that crypto assets are a good diversification vehicle in times of stress. Other assets in a monetary tightening environment.
    On Thursday, Federal Reserve Chairman Jerome Powell confirmed that the central bank will likely raise interest rates by half a percentage point in each of its next two meetings, and that it is likely to go further than that.
    And Powell, who is trying to tame the fastest inflation in 4 decades, admitted during an interview with public radio program "Market Place" that the Fed should have acted sooner.
    Edward Moya, chief market analyst at OANDA, said in an email late Thursday that bitcoin's drop below $30,000 had created a "key entry point for many institutional investors."
    He added, “Confidence has been waning in cryptocurrencies, but it looks like we are nearing the end of the market sell-off. Bitcoin has crossed the $25,424 barrier, but this will not continue if risk appetite does not stabilize soon.”
     
    https://earthiq.news/archives/81297
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