The entire cryptocurrency market is off to a rocky start in 2022. Bitcoin notched a three-month low as global markets continued their New Year sell-off due to different factors. Ethereum fared even worse to start 2022, down nearly 18% following hawkish Federal Reserve meeting minutes. Macroeconomic factors to rescue The Buck, #Bitcoin & #Ethereum — Bloomberg’s … Read more
Consider the hypothesis: deflation could swap inflation next year. Well, if that’s the case, cryptocurrency can prevail over other asset classes. This is the hypothesis based on which Bloomberg Intelligence analyst Mike McGlone is bullish on the outlook for Bitcoin and Ethereum in 2022. He says “deflationary forces” will take the crypto assets to new … Read more
September was a rough month for crypto-investors, particularly for those betting big on Ether since it dipped by more than 13%. Nevertheless, such a pullback wasn’t out of the ordinary. In fact, at press time, ETH had significantly recovered from its losses, with the altcoin trading at $3,387. Needless to say, such volatility has fueled … Read more
