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Samuel Mangold-Lenett of The Blaze, reports the below outlined unpleasantries. I do not participate in the cryptocurrencies circus. It is simply not a marketplace for “compounders and savers.” He writes:
The two most popular cryptocurrencies, Bitcoin and Ethereum, continued their multi-day sell-off, dropping prices to levels not seen since July 2021. Currently selling for $34,300, Bitcoin was listed for nearly $70,000 in early November 2021. Similarly, Ethereum is currently listed at just over $2,200 per unit, when it sold for more than double that early last November.
The cryptocurrency market is believed to be moving in tandem with stocks that have been falling since the beginning of 2022.
In fact, last week, the Nasdaq had its worst week since March 2020, which marked the early stages of the COVID-19 pandemic.
The Nasdaq and cryptocurrency markets are hemorrhaging money, as tech stocks continue to slide downward and investors prepare for tighter monetary policy from the U.S. Federal Reserve, CNBC reported.
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