Bitcoin, Ethereum Price Down Over 30% This Week, Terra Classic (LUNC) Overtakes Terra 2.0 (LUNA) in Market Cap » NullTX - BitcoinEthereumNews.com
Bitcoin EthereumBitcoin, Ethereum Presyo ay Bumaba Mahigit 30% Ngayong Linggo, Nalampasan ng Terra Classic (LUNC) ang Terra 2.0 (LUNA) sa Market Cap » NullTX06 / 15 / 2022Balita ng Ethereum ng Bitcoin Even with the Fed raising interest rates by unprecedented amounts, last week‘s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets. Since the Bitcoin and Ethereum prices continue to follow stock market actions, we’re seeing further losses as BTC price is down 4.76% while Ethereum is down 7.86% in the past 24 hours. Bitcoin is currently trading at $21.3k, struggling to hold support, while Ethereum is trading at $1.1k with a risk of dropping below $1k if the bear market continues. Bitcoin Price Hits a Bottom of $20k The $20k support level is a crucial range for Bitcoins price. The last time Bitcoin was below $20k was in December 2020. If BTC drops below $20k again, we could see amplified selloffs as traders and investors join the panic and offload their cryptocurrency. The rising inflation isnt helping as stock markets continue their dive. The S&P 500 is down over 8% in the past week, NASDAQ