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Increasing inflationary pressures
There are great fears of rising inflation driving both the stock and crypto markets down, dropping the total market capitalization of all cryptocurrencies below $1 trillion, crashed to $969 billion. This a drop of around 200% from its all-time high of approximately $3 trillion last November, during a market bull run that saw Bitcoin reach an all-time high of almost $69,000.
As U.S. inflation data and COVID-19 warning from Beijing roiled global markets, the increasing inflationary pressures are real, and recent earnings by U.S. companies have shown that it has become difficult to pass on that high inflationary pressure.
The fact sheet shows a downward trend impacting the value of cryptocurrencies. The global cryptocurrency market peaked at $2.9 trillion in November 2021, but has faltered this year, losing $1 trillion in value in the last two months alone, as investors ditched riskier assets in the face of high inflation fearing that the interest rate raised by central banks will hamper growth.
Ethereum, the world’s second-largest cryptocurrency, lost more than 16% in value over the day and is now trading at $1,190, while its market cap has dropped to $147 billion. Other major cryptocurrencies, including Solana, Dogecoin, Tron, and Avalanche, are suffering similar losses.
Almost every cryptocurrency, including Bitcoin, is now worth half or even less than their all-time highs. An expert says, as inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring.
Countries around the globe continue to report high inflation numbers and what appears to be the immediate trigger for this crypto crash is a massive sell-off by investors amid heightened inflation fears.
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Biggest unlock in the economy today is creating a gender-equal world : Gayatri Yadav| ETPWLA
In conversation with Gayatri Yadav, President & Head - Consumer Strategy & Innovation , Star India and winner of 'Brand and Marketing Leader of the Year' at ETPrime Women Leadership Award (ETPWLA). Hailing the virtues of leadership and success, ETPWLA is here to set a benchmark of success for women in business and inspire a million others to come forward and wield the baton of excellence. The awards recognise women leaders who have helped create a new and lasting template for leadership. To know more, visit - https://etprimewomenawards.com
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Star India's Gayatri Yadav awarded 'Brand and Marketing Leader of the Year' | ETPWLA 2019
Gayatri Yadav, President and Head - Consumer Strategy and Innovation, Star India was awarded 'Brand and Marketing Leader of the Year' at the ETPrime Women Leadership Awards (ETPWLA) 2019 in Mumbai Friday. Hailing the virtues of leadership and success, ETPWLA is here to set a benchmark of success for women in business and inspire a million others to come forward and wield the baton of excellence. The awards recognise women leaders who have helped create a new and lasting template for leadership. To know more, visit - https://etprimewomenawards.com
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Watch Star India's Gayatri Yadav awarded 'Brand and Marketing Leader of the Year' | ETPWLA 2019 With HD QualityBy The Economic Times| 256 views
Sheena Bora Murder Mystery - A Crime Or Reality Show??
Film critic Sudhish Kamath is live on #fame to enunciate his point of view on the sensational news of Sheena Bora Murder Case. He hypothesizes this murder case as the reality show Big Boss with new twists and turns daily! A case that involves elites, the end result would be to soon announce that it was all a prank on the media!
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Watch Sheena Bora Murder Mystery - A Crime Or Reality Show?? With HD QualityBy live on fame| 6151 views
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Delhi Excise Policy: Arvind Kejriwal को ED ने भेजा समन, क्या हो जाएंगे Arrest?
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Follow us on Twitter- https://twitter.com/KhabaBy Khabar Fast| 81 views
आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
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आज आएगा UP का Budget, Budget पेश करने से पहले होगी Yogi Cabinet की Meeting | UP Budget 2024-25
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GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
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