With U.S CPI data pushing markets off the ledge, heres what investors need to know - BitcoinEthereumNews.com
TeknolohiyaWith U.S CPI data pushing markets off the ledge, heres what investors need to know06 / 12 / 2022Balita ng Ethereum ng Bitcoin Recent developments in the market have reduced the pain tolerance of crypto investors that were already reeling from the May crash. What does the future of crypto assets look like now as global indexes begin to tremble further? A living nightmare, maybe? The crypto market has taken a huge hit since 11 June. Bitcoin [BTC] is currently down by 6% and below $27,500, Ethereum [ETH] is worse-off with a 12% hit and below $1,500. But that is not all as most of the major altcoins are also losing ground today. As per a recent Santiment pag-aralan, the average returns of traders have fallen into negative territory again after the May debacle. Santiment used the MVRV-30 day metric on major cryptos and the results were terrifying with only ADA having neutral returns. Bitcoin and Binance Coin are negative and stuck in the semi-opportunity zone. Ethereum, on the other hand, is back in the opportunity zone again after dropping as low as its February 2021 price. The recent slaughter in the equities market is being directed to a recent CPI data released by the