What is going on with crypto

What Puts Bitcoin's Price at Risk?

Cake Wallet is one of a handful of companies still developing tools to make crypto transactions less traceable, a kind of counteroffensive against the blockchain-tracking industry. One of the firm’s main products is a crypto wallet compatible with Monero, a so-called privacy coin that’s harder to track than other cryptocurrencies. Every exchange of funds is recorded publicly, but the transaction information is obscured, making it much harder to see which wallet sent or received the money. Why crypto market is going down today ● For board members, Ten questions every board should ask about cryptocurrencies suggests questions to consider when engaging in a conversation about the strategic potential of cryptocurrencies.

Why did all cryptocurrency drop today

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn Listen and subscribe for free to our podcast on your favorite platform If there’s reason for pessimism, it’s that this time could be different. Crypto has generally grown through finding ever larger pools of new customers. But this latest bust might be so huge, and so widespread, that there are few new customers to find. And eventually, people who hold their savings in crypto will need to sell in order to pay bills in the real world, and won’t be able to find anyone to sell to. If everyone in the developed world either lost money in the crypto crash, or knows someone who did, the pool of naive cash to buy in next time around will be shallow indeed.

U.S. Attorney Announces Historic $3.36 Billion Cryptocurrency Seizure And Conviction In Connection With Silk Road Dark Web Fraud

"Traders appear to be utilising call options to bet on the ETH price into September, whilst futures and options backwardation indicate an expectation to sell-the-news is in play," Glassnode researchers wrote in a report at the time. Premium Hospitality Another key driver of the drop in crypto values has been rising interest rates, which are also a negative factor for stocks. With inflation still running high, the United States Federal Reserve has been raising its benchmark federal funds target rate. The goal is to slow the economy by making it more expensive to borrow; the lower demand that results is supposed to temper inflation.

Why are cryptos going up today

Similarly, Ethereum (ETH) has been hit by the bearish wave. Ethereum currently trades at a price of $1,849, as weekly losses surge past 12 percent. There has been strong selling pressure and ETH bulls are yet to clear up 24-hours losses, which is nearing 4 percent at report time. Features & Analysis Cryptocurrencies have been especially volatile lately and there a few reasons why.