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Following the short-term panic on the cryptocurrency market yesterday caused by higher than forecast inflation numbers, we are seeing a brief recovery across various digital assets.
Market prices plunge
Prior to the CPI release, most cryptocurrencies entered a correction phase, as relatively strong assets started losing as much as 10% of their value in the last 24 hours. Numerous assets, including XRP, ADA and even Bitcoin plunged to new local lows, creating a dangerous possibility of a plunge to lower lows.
The total market capitalization has also plunged, losing more than $30 billion in less than a day – the biggest one-day loss...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...