ASK ME ANYTHING CRYPTO AND STOCKS!
To invest in the crypto market:
Where will Bitcoin and other crypto currencies go based on technical analysis?
Support my NFTs:
To invest in Bitcoin:
Grab a copy of my books:
Stock Smarts Online Course:
Centralized Crypto Exchanges:
Use the code: nkkm8ryaxr
To invest in the US Stock Market fo 1 US Dollar:
To invest in Bitcoin:
Ellipal Hardware Wallet:
Here’s my charting software:
To protect your online stock trades use: NORD VPN:
INVEST IN FOREX
To invest in Forex click this link –
SEND ME DMS:
Join my Youtube Community:
Support me via Patreon:
For business inquiries contact my team: email@example.com
To mail us stuff:
Attn: Yvonne Goh Germo (Please email or call first so we know we are expecting)
28 A Roxas Chua Circle Pacific Village, Muntinlupa City, Metro Manila, Philippines
REAL ESTATE MASTERCLASS:
MAKE MONEY GROW MONEY –
STOCK MARKET FOR EVERY JUAN (TAGALOG)
More about me:
Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.
#StockSmarts #MarketUpdate #Bitcoin
Thursday brought continued uncertainty to Wall Street, as investors kept trying to consider the ramifications of the Federal Reserve’s latest meeting for the stock market and the economy.
Cryptocurrencies continued to lose value, extending declines from all-time highs several months ago. As the tug of war between crypto bulls and bears goes on, though, the more important question of how average investors perceive the digital asset market remains unanswered.
The drop in Bitcoin can be a double whammy for Bitcoin miners. First, they make their revenue in Bitcoin as compensation for providing mining services to the network. So when Bitcoin goes down, their revenue goes down as well without any real offset to their costs. Given the high levels of fixed cost associated with mining, we could see net income drop dramatically if the current Bitcoin trend continues.
On its face, there wasn’t anything particularly unusual about today’s moves in prices of top crypto assets. Bitcoin (CRYPTO: BTC) was down almost 6% to just over $43,000. Ethereum (CRYPTO: ETH), meanwhile, fell 8% to around $3,425.
There wasn’t anything fundamental that stood out as justifying these steep moves. Rather, investor sentiment seemed to hinge on the perception that crypto asset values will rise and fall with monetary policy, and the Fed’s tightening stance is seen as a threat to further upward moves in Bitcoin and Ethereum.
What happened to cryptocurrency, Bitcoin prices?
Top cryptocurrencies fell heavily on Wednesday as a broad Nasdaq sell-off continued to run through its second straight day and into a third. The Federal Reserve then proceeded to pour gasoline on the bonfire, promising to shut off spigots of easy money for the economy and raise interest rates as many as eight separate times over the next three years, frightening many investors away from riskier assets such as cryptocurrencies.
Why are cryptocurrency prices tanking?
Crypto names heading south for the winter run into the literal dozens.