Skuy.
  • Home
  • Opinion
  • Editorial
  • Culture
  • Global
  • Essay
  • Letters
  • Sports
  • Education
No Result
View All Result
Get Started
Skuy.
  • Home
  • Opinion
  • Editorial
  • Culture
  • Global
  • Essay
  • Letters
  • Sports
  • Education
No Result
View All Result
Skuy.
No Result
View All Result

Cryptocurrency: With prices crashing, what to expect this week? – Marca English

rixymidya by rixymidya
1 June 2022
in Articles
0
Share on FacebookShare on Twitter

Editions:
En/lifestyle/world-news
Various experts say Ethereum is emerging as the strongest cryptocurrency to withstand the coming financial turbulence
The cryptocurrency market is seeing a new phase of turbulence that is reflected in the Bitcoin price drop.
Since Friday, several cryptocurrencies weakened in the face of the uncertainty generated by the Federal Reserve meeting and the information that may emerge there.
The price of Bitcoin fell more than 2% to below $39,000 and its volatility led it to be at $43,000 and then fall to $38,000 in the same week.
Shiba Inu also lost 5.12% of its value, while Dogecoin also fell 2.64%.
On the other hand, Ethereum strengthened with a discreet 0.22% increase in its unit value.
It is striking that practically all the tokens of the top 100 cryptocurrencies experienced sales towards the end of last week and this generates uncertainty among investors, which translates into loss of value.
A key point that incentivizes the volatility of cryptocurrencies are the statements issued against them, as is the case of Warren Buffett, chairman of Berkshire Hathaway, who recently questions that investing in them is not a suitable option.
“If you told me you owned all the Bitcoin in the world and offered it to me for $25, I wouldn’t take it. What would I do with it?” he recently commented.
On the other hand, inflation levels point to the Federal Reserve raising interest rates well above current levels before the end of the year and this creates a difficult scenario for speculative investments such as cryptocurrencies, so no one dares to forecast what will happen to them.
So far, various experts point out that, by providing a blockchain network on which applications and services can be built, Ethereum’s Ether token could withstand financial turbulences more than other cryptocurrencies.
© Unidad Editorial Información Deportiva, S.L.U. Todos los derechos reservados.
Follow us

source

You might also like

Best Bіnоmо Strаtеgу (Tірѕ аnd Trісkѕ tо Bесоmе a Successful Trader)

17 September 2022

19 TikTok Content Ideas for Business

16 July 2022
rixymidya

rixymidya

Related Stories

Best Bіnоmо Strаtеgу (Tірѕ аnd Trісkѕ tо Bесоmе a Successful Trader)

by rixymidya
17 September 2022
0

Multірlе оnlіnе trading platforms hаvе еmеrgеd оn thе іntеrnеt, but very fеw hаvе mаnаgеd tо ѕtаnd out from the mаѕѕеѕ....

19 TikTok Content Ideas for Business

by rixymidya
16 July 2022
0

On the face of it, TikTok and small businesses do not seem like a match made in heaven. The popular...

E-Wallet Payments Now Accepted By All Government Services – Lowyat.NET

by rixymidya
5 July 2022
0

A new circular from the Treasury has revealed that all federal ministries and their departments will now accept e-wallet payments...

FOREX-Dollar dips as hopes rise that inflation has peaked – Yahoo Finance

by rixymidya
5 July 2022
0

(Adds details, updates prices)By Chuck MikolajczakNEW YORK, June 7 (Reuters) - The U.S. dollar index retreated from earlier highs and...

Next Post

INTERVIEW: OCC’s Bob Griffin discusses small business issues - WSYR

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Skuy Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.