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Here's why Bitcoin just plunged 5% in minutes
Yesterday, Bitcoin saw its price losing 4.7% of its value in mere minutes, reaching an intraday low of $21,764 on the Bitstamp exchange. Major altcoins, including Ethereum (ETH), Cardano (ADA) and Dogecoin (DOGE), followed suit, trading in lockstep with Bitcoin. The cause of such a swift plunge is Bitcoin’s price action being driven by broader macroeconomic factors; this time, the king crypto dropped together with U.S. stock futures. In August, Bitcoin actually surged together with equities due to cooler-than-expected July inflation data. The new CPI data will likely prompt policymakers at the U.S. Federal Reserve to adopt an even more aggressive monetary policy. Hence, there is no relief in sight for risk-on assets.
"Rich Dad, Poor Dad" author Kiyosaki urges followers to get into crypto before markets crash
In a recent email newsletter, "Rich Dad, Poor Dad" author Robert...
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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...