Market Wrap 22.07.26
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Ethereum is the second largest cryptocurrency in the world after Bitcoin and is a massive and well-known network in the crypto space. Originally created as a financial operating system, Ethereum has expanded to a full societal network and ecosystem that has transformed the way we look at the blockchain. Over the past few months, macro …
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Although the Fed signals additional rate hikes, traders and hedge fund managers forecast that the Fed will cut interest rates in 2024 due to stagflation concerns in economies across the world. This projected cut also coincides with the halving of Bitcoin, where the per block reward of 6.25 BTC will be reduced to 3.125 BTC …
The price of Tether(USDT) has remained somewhat constant despite the crash in the wider crypto market. Tether is a stable coin that is pegged to the value of USD and catered to investors looking to move funds across cryptocurrency exchanges without volatility or having to convert to fiat currency which will incur additional time and …
The price of Ethereum (ETH) has tumbled along with the crypto market in anticipation of rate hikes, inflation, and recession rhetoric echoed by the mainstream media. ETH has fallen from $4812 to $1205, a 75% drop since its peak in 2022. Most importantly, ETH appears to have bottomed out, as 51 percent of the current …
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