Ethereum the second most popular coin, is taking huge blows too. Ethereum's value has fallen hundreds of dollars on an hourly basis in the recent past, only to temporarily regain some ground later — and then it drops again. Just within the last week (January 17-January 24, 2022,) ETH has dropped from $3,356 down to $2,381. As of now crypto claims no political agenda except the part about weakening the local currency for the benefit of a digital currency they already own in vast quantities. I predict that will change given a confluence of vested interests.
- Investors and traders began using it as an investment, as http://garretteayf820.jigsy.com/entries/general/will-crypto-bounce-back-or-has-the-crypto-bubble-burst-experts-explain well, but its price is very volatile.
- While Bitcoin is still a cryptocurrency, investors have also used it to store value and to hedge against inflation and market uncertainty.
- But there are other influences at play that put Bitcoin's value in danger.
- Projects that tried to “game” asset price beyond their intrinsic value will struggle.
- Typically, what you see is this chart, in a bull market, the price runs up higher and higher and higher.
Ernst and Young is committed to supporting the integration of the world’s business ecosystems on the public Ethereum blockchain. Not to invest more money than you can afford to lose. All Bitcoin transactions are electronic — you can use it to buy and sell things online, and also in a few selected retail stores. Not only that, but there
