Bitcoin drops 11% in one day

TThe cryptocurrency sector has been affected by the turmoil in the financial markets and Bitcoin Not surprisingly, the seemingly solid cryptocurrency plummeted to an 18-month low. The effect of higher interest rates The US Federal ReserveThe recent announcement of a 75 percentage point rate hike also triggered a speculative shift. Thus, the immediate objective of investors is to sell riskier assets because most central banks raise interest rates to combat accelerating inflation. Under this scenario, bitcoin experienced a huge volatility in the last seven days, but last Saturday it fell…

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Bitcoin Price: Will May End With a Recovery or a Crash?

Although the global cryptocurrency market has been turbulent in recent days Causing cryptocurrencies like Terra (Luna) to become worth nothing, Somehow Bitcoin has managed to maintain its stability. resistance to instability The most popular coin of its kind recovered the psychological level of $30,000, rising 3.34 percent to $30,066.48, and thus continues to attract new investments with a market dominance close to 45 percent. However, experts warn that one should not be too confident that the price of Bitcoin will continue to rise due to the current conditions of the…

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Coinbase Warns Crypto Owners May End Up Zero As They Lack Bankruptcy Protection

coinbase failed to meet its dividend targets and its shares fell about a quarter of their value. its chief executive, Brian Armstrong, He said the company is far from considered a bankruptcy risk and assures that the funds are safe, but on an equal footing. He has also commented that given the organization in which they work, if a bankruptcy Happened one day, users will lose access to their account and the funds will automatically become part of the company until it can fulfill its obligations. This is not the…

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Bitcoin Price Could Fall: What To Do If You Invested In Cryptocurrencies?

HBitcoin and bitcoin prices are dropping and some experts believe they may drop further. In the past 24 hours, the value of the two major cryptocurrencies has dropped by up to 10% with Bitcoin hovering around $31,000. Ethereum is around $2300. However, crypto expert Wendy O noted in a video that the depreciation of the first cryptocurrency to appear on the scene could drop below $30,000, something we haven’t seen since July last year. Hard days for Bitcoin “Bitcoin likely rebounds to $35,000, but unless we break the trend line…

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Bitcoin: Will it Recover from its Below 40K Price Drop?

Bitcoin has been in a downtrend for several days now, putting it just above $36,000, a far cry from the $66,000 it reached in November 2021. In plain terms, its value opened on April 5 at $46,614, but since that time, between a slight and a slight recovery, the cryptocurrency has fallen to close the day at $36,233. Tension between merchants The depreciation of the first cryptocurrency created globally is largely due to the fact that inflation has risen all over the world. Investors who have turned to cryptocurrency are…

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Cryptocurrency: With the price collapse, what to expect this week?

The cryptocurrency market is experiencing a new phase of turmoil This is reflected in the decline in the price of Bitcoin. Since Friday, many cryptocurrencies have weakened In the face of uncertainty arising from the Federal Reserve meeting and information that may appear there. Bitcoin shake Bitcoin price drops more than 2% To below $39,000, its volatility was lowered at $43,000 and then down to $38,000 in the same week. Shiba Inu also lost 5.12% of its value, while Dogecoin is also down 2.64%.. On the other hand, Ethereum boosted…

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