Cryptocurrency prices are down amid a slew of grim economic news. With potential factors as disparate as the war In Ukraine, rising inflation and the Fed’s corresponding interest rate hikes, the price of a variety of cryptocurrencies has dropped in recent days, continuing a months-long downward trend. On Monday morning, the price of bitcoin fell below $30,000 for the first time since July 20, 2021.

As of Tuesday afternoon, Bitcoin was down more than 50% from its highest valuation of $67,582.60 on Nov. 8, 2021. Over the weekend, bitcoin and ether, the two largest…

Read more…

Share.

Comments are closed.