‘Little Evidence’ Of Easing Inflation—the Fed Triggers Massive Crypto Liquidations As the Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Crash
Bitcoin crypto EthereumMunting Katibayan Ng Pagbaba ng Inflation—Nag-trigger ang Fed ng Napakalaking Crypto Liquidation Bilang Presyo ng Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, At Dogecoin Crash08 / 25 / 2022Balita ng Ethereum ng Bitcoin Chairman of the Federal Reserve nominee Jerome Powell Crypto has been on one hell of a rollercoaster lately. Since the end of July, the crypto market attracted $200 billion and grew to a total $1.2 trillion market cap—only to lose it all in the past few weeks. Last Friday alone, crypto shed 9% of its value, the biggest one-day drop in two months. Not one major crypto dodged the blow. In the past week, the bitcoin price retreated 7.1% to $21,700 after breaking through $25,000 on August 15. And following its worst week since July, the ethereum price continued the descent, falling 7.4% to $1,700. Altcoins followed suit. XRPXRPn ay bumaba ng 7.5%, BNBBNBn 1.4%, solana 11.5%, cardano 13.3%, dogecoin 14.7%, shiba inu 10.7%, and Terras “luna 2.0” 8%. Ano ang nagbibigay? Nag-zoom out There‘s one telltale sign that hints at the culprit of this flash crypto sale; it’s that it all happened in sync with stocks—which indicates that crypto sell-off is a broader risk-off sale rather than a crypto-specific event. The stock