Cryptocurrencies resume decline .. and the market value loses 3%


Most of the digital currencies fell during today's trading with the return of risk appetite to decline, which negatively affected the demand for Bitcoin and its sisters

 This comes as a result of the escalating fears of stagnation in the global economy in light of the tightening of monetary policies by central banks to counter inflation 

 In his testimony before the US Senate Banking Committee, "Powell" stated that the central bank is committed to controlling inflation and has the tools to achieve this goal, but he hinted at the possibility of the economy being subjected to recession during its efforts to curb inflation

Powell emphasized the Fed's understanding of the challenges posed by high inflation to American households, and praised the strength of the labor market and the continued strength of demand

In the same context, billionaire investor Ray Dalio warned that the Fed's attempts to control inflation will eventually weaken the economy

Citigroup analysts also mentioned that there is a 50% chance that the global economy will fall into recession

 In terms of trading, the price of Bitcoin decreased at exactly 11:22 pm Mecca time on the “Coin Market Cap” platform by 2.9% to $ 20.1 thousand

The combined market capitalization of cryptocurrencies over the past 24 hours decreased by 3.1% to $890.8 billion.

إرسال تعليق (0)
أحدث أقدم