Bitcoin, record again, a fall for the fifth time in six days, since the beginning of the new year 2022, in the digital alternative to money.
The original cryptocurrency was down 3.7% to US$40,766 in New York operations, accumulating a loss this year of around 12%. This is the biggest decline for the beginning of the year since at least 2012.
"Cryptocurrencies are likely to remain under pressure as the Fed slows down its liquidity injections," said Jay Hatfield, CEO of Infrastructure Capital Advisors. "Bitcoin could end 2022 below $ 20,000."
Bitcoin emerged from the crisis:
Bitcoin was created in the wake of the 2008 global financial crisis by an anonymous individual or group that called itself Satoshi Nakamoto. It started trading in 2009 and price information during the first few days is scarce.
Mike McGlone of Bloomberg Intelligence said that $ 40,000 is an important level of technical support for the digital token. Cryptocurrencies are a good barometer of the current reduction in risk appetite.
However, it projects that bitcoin will eventually come through as the world becomes increasingly digital and the currency becomes the benchmark guarantee, according to financial analysis.
The pandemic helped Bitcoin:
The covid-19 pandemic helped the Bcoin become more widespread as institutions and retail investors became involved in the cryptocurrency market and its ancillary projects.
Now that the Federal Reserve has become more restrictive, higher-risk assets, such as stocks and digital assets, have been affected. "The tightening of Fed policy affects not only interest rates, but also the capital markets premium.
No comments:
Post a Comment