CYPRUS MIRROR
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Hard landing in crypto

Hard landing in crypto

The further increase in tightening pricing after the US inflation data also hit cryptocurrencies, which are correlated with risky assets. Bitcoin has hit its lowest level since December 2020.

Publish Date: 13/06/22 09:13
reading time: 1 min.
Hard landing in crypto
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The harsh events of the weekend in the crypto environment are happening with the first effective method of the new week.

Bitcoin has more than 25,000 multi-levels and tested the base level December 2020. Along with Bitcoin, evaluations were made in another important part of the presentation.

Transmitted to 30 in the last 7 days on Ethereum. First example of the week Ethereum shrink to $1320. Binance Coin was followed by 17 percent on Cardano and Solana.

With a risky future, dying in the US, whose last period will end in the rising day, is setback as cheeks wait to move on a more aggressive hard road.

In the US inflation money markets, a 50' basis point rate hike is priced in the Fed's Lesson 3 meeting.

Inflation in the country rose to 8.6 percent in May. The monthly increase exceeded the estimates with 1 percent. Core inflation was also above expectations.

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