Ethereum, the world's biggest altcoin by market value, had its price dipping at $1,075.80 at 0230GMT -- its lowest since Jan. 14, 2021. It later rose to $1,225 at 0537GMT for a daily decline of 9.3%. The total value of the cryptocurrency market was down 7.1% to $963 billion at 0537GMT, which is more than a $300 billion loss in less than a week. The massive losses in the crypto market come as US stock exchanges continue to plummet amid fears that the Fed's aggressive monetary tightening against record-high inflation could cause a recession in the world's biggest economy. The Dow Jones fell 2.8% to close Monday with a massive 876-point loss. The S&P 500 lost 3.9%, while the tech-heavy Nasdaq dove 4.7%. The Fed's two-day meeting will conclude on Wednesday at 1800GMT, and it is widely expected to make another 50 basis point rate hike. Altın dep Göz İzle | 4KFilmizle.
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17. Since then, the cryptocurrency lost around 71 percent in value and 58 percent since the beginning of this year. Concerns about security and rising regulations have so far kept global investment banking firms and large money managers away from investing in bitcoin and other cryptocurrencies. However, there are still sizable small- and medium-scale investors who find virtual currencies as an instrument for various reasons -- from seeking short-term profits to taking investment out from Asian countries, or using it for illegal transactions. Most Wall Street analysts liken bitcoin's meteoric rise and steep decline to the dot-com bubble in 2000, or Dutch tulip mania in 17th century. Investment banking giant Goldman Sachs warned in January in a report that cryptocurrencies have moved beyond bubble levels in financial markets. ”We do not believe that these cryptocurrencies will retain their value in the long run in their current incarnation,” it said. Bitcoin dives to $17K again, hovering around lowest in 2 years. Amedspor bursa maçı canlı izle.
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