The sell-off in the crypto market continued Tuesday with Bitcoin and Ether falling to new 18-month lows. Bitcoin is the world’s largest cryptocurrency, while Ether is the number two token. But not just the top two, all major cryptocurrencies have been trading in the red lately, with the fall testing even long-term investors. What has triggered this latest crash, and is there a respite in sight for investors?
What has triggered the latest sell-off?
The fall began last week Friday in sync with the sell-off in the US stock markets triggered by higher-than-expected rise in inflation and the fears of more aggressive interest rate hikes by the US Federal Reserve. While crypto markets should ideally perform independently of the traditional markets, they have, in the past too, been sensitive to movements in the mainstream financial world.
Monday brought more bad news as top cryptocurrency lending firm, Celsius Network, froze withdrawals. In a blog post, New Jersey-based Celsius announced...
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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...