There are great fears of rising inflation driving both the stock and crypto markets down, dropping the total market capitalization of all cryptocurrencies below $1 trillion, crashed to $969 billion. This a drop of around 200% from its all-time high of approximately $3 trillion last November, during a market bull run that saw Bitcoin reach an all-time high of almost $69,000.
As U.S. inflation data and COVID-19 warning from Beijing roiled global markets, the increasing inflationary pressures are real, and recent earnings by U.S. companies have shown that it has become difficult to pass on that high inflationary pressure.
The fact sheet shows a downward trend impacting the value of cryptocurrencies. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but has faltered this year, losing $1 trillion in value in the last two months alone, as investors ditched riskier assets in the face of high inflation fearing that the interest rate raised by central banks will hamper growth.
Ethereum, the world’s second-largest cryptocurrency, lost more than 16% in value over the day and is now trading at $1,190, while its market cap has dropped to $147 billion. Other major cryptocurrencies, including Solana, Dogecoin, Tron, and Avalanche, are suffering similar losses.
Almost every cryptocurrency, including Bitcoin, is now worth half or even less than their all-time highs. An expert says, as inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring.
Countries around the globe continue to report high inflation numbers and what appears to be the immediate trigger for this crypto crash is a massive sell-off by investors amid heightened inflation fears.
Today's Headline in NewsHours
0:00 Intro
2:26 Infra.Market raises $50 million from Liquidity Group
3:08 WhatsApp to allow users export chat history from Android to i.
There are great fears of rising inflation driving both the stock and crypto markets down, dropping the total market capitalization of all cryptocurrencies below $1 trillion, crashed to $969 billion. This a drop of around 200% from its all-time high of approximately $3 trillion last November, during a market bull run that saw Bitcoin reach an all-time high of almost $69,000.
As U.S. inflation data and COVID-19 warning from Beijing roiled global markets, the increasing inflationary pressures are real, and recent earnings by U.S. companies have shown that it has become difficult to pass on that high inflationary pressure.
The fact sheet shows a downward trend impacting the value of cryptocurrencies. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but has faltered this year, losing $1 trillion in value in the last two months alone, as investors ditched riskier assets in the face of high inflation fearing that the interest rate raised by central banks will hamper growth.
Ethereum, the world’s second-largest cryptocurrency, lost more than 16% in value over the day and is now trading at $1,190, while its market cap has dropped to $147 billion. Other major cryptocurrencies, including Solana, Dogecoin, Tron, and Avalanche, are suffering similar losses.
Almost every cryptocurrency, including Bitcoin, is now worth half or even less than their all-time highs. An expert says, as inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring.
Countries around the globe continue to report high inflation numbers and what appears to be the immediate trigger for this crypto crash is a massive sell-off by investors amid heightened inflation fears.
Today's Headline in NewsHours
0:00 Intro
2:26 Infra.Market raises $50 million from Liquidity Group
3:08 WhatsApp to allow users export chat history from Android to i
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Watch Silvassa - Illegal pressures removed With HD Quality
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Do not be suppressed by pressures. Stay focused
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Traditional salt farmers battle modern pressures. Appeal Goa Govt for help
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Traditional salt farmers battle modern pressures. Appeal Goa Govt for help
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President Barack Obama pressured Congress on Tuesday to confirm three nominees to the U.S. Court of Appeals, a move that rankled Republicans who say the president is using the court to push a liberal agenda.
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SILVASSA: PRESSURES ARE REMOVED BY MOHA NAGARPALIKA OF SILVASSA
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Nliya : Parking pressures removed in Naliya
ABTAK CHANNEL is 24x7 Entertainment channel provides to its users intensive live coverage with feature shows as well.
The ABTAK GROUP is a listed with Head Quarter at RAJKOT. Then under expansion programme new editions were launched Baroda, Surat, Rajkot, Bhavnagar & Mumbai ABTAK CHANNEL respectively.
www.abtakmedia.com is a leading Gujarati News Portal. A digital division of ABTAK MEDIA GROUP. which is responsible for building the digital reach and in process has been successfully able to build world’s largest Gujarati news websites www.abtakmedia.com. These websites supplement the print and give readers the flexibility to access news faster and more detailed with some content created exclusive for web.The site features news, views and specials in addition to interactive elements customised for the Gujarati community.Watch Nliya : Parking pressures removed in Naliya With HD Quality
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PEG क्या है, इसे PEG क्यों कहा जाता है? | What Is Peg
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What is Wheat Beer? | व्हीट बीयर क्या है?
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If you love homestyle cocktails, reviews of Alcohol, Drink knowledge, Bartending and many more then this channel is for you. India is the biggest alcohol consumer in th
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भारत में पहला BAR कौन सा है? Which is the First BAR in India? Do you know?
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Disclaimer:
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If you love homestyle cocktails, reviews of Alcohol, Drink knowledge, Bartending and many more then this channel is for you. India is the biggest alcohol consumer in the world. We buy and consume more whiskey in the world than anyone else. This channel helps give information about your favorite drink. How to make fantastic cocktails at ho
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एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
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Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink kn
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