Why is Bitcoin in a slump? Here's how $126 billion in crypto were lost

Barely six months ago, Bitcoin was enjoying its historic high against the US dollar, and together cryptocurrencies were

that was leaving tech companies, including Apple, behind. That reality now sounds like a distant dream, with fears of a Bitcoin crash coming, even as the crypto coin trades at nearly half of its peak value. For all the talk about opening doorways to decentralized finance, Bitcoin has become an asset that responds to perturbations of the current financial system. Analysis of macroeconomic trends over the years has shown that Bitcoin valuation behaves quite like Nasdaq stocks.

Earlier this week, when the U.S. Federal Reserve was expected to announce a tightening of its monetary position, crypto experts warned that

UP only every four year cycle; Bitcoin only tho 🧠🤙.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Up 5% After Fed Raises Interest Rates By Half a Percentage Point... But Why? | CoinMarketCapBitcoin's rise on Wednesday can likely be attributed to strength on Wall Street. The tech-heavy Nasdaq closed trading up 3.2%, with the S&P 500 showing comparable gains. because the hikes were already factored in Iam so Bullish on GreenlyghtCoin. Utility NFTS are on the way!. launching HiConyx coin soon. Don't miss this banger🔥🚀🥳 Make use of this amazing opportunity of trading , we offer 80% to 700% profits in return 🔥🔥, Join favouritedaily signal today and start earning money 💸💸
Source: CoinMarketCap - 🏆 290. / 63 Read more »