Inflation also affected Cryptocurrencies

The false spring in the crypto money markets has started to show its effect. Cryptocurrencies, which excited their investors with small price movements, started to show a sharp decline. Bitcoin again fell to the level of 40 thousand dollars.
Many factors such as fluctuations in global markets, the Russia-Ukraine war, the Fed’s interest rate hikes, the rise in gold, high US inflation, and increase in energy prices continue to be effective on cryptocurrencies.

NO POSITIVE DEVELOPMENT BETWEEN RUSSIA AND UKRAINE

The war between Russia and Ukraine, though stagnant, remains hot. While the Russian side’s intense attacks on the regions determined by it did not withdraw its soldiers, it raises questions about the continuity of the operation.

ONS OF GOLD PRICE IS RISING

Ounce Gold prices continue to strengthen. The premium under ounce reflects positively on gold as well. An ounce of gold rose to the level of 1964 dollars with a premium of 1 percent today.

THE INFLATION CRISIS IS EXPERIENCED IN THE USA

The supply chain, damaged by the pandemic, has raised the prices of all goods and services. This rapid rise led to an increase in inflation. The US has announced the largest inflation rate in the last 40 years. The economic fluctuations experienced also damaged crypto money investors.

Leave a Reply

Your email address will not be published.