Monday, March 27, 2023

Bitcoin has reached the highest level since June 2022 – Usky News

LONDON: Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday for the fourth day in a row as it appeared to benefit from chaos in global markets following last week’s collapse. Silicon Valley Bank,
Bitcoin soared to $26,533 at around 1306 GMT, up nearly 10% on the day since June 2022. It rose 7.6% on Sunday and 9.1% on Monday.
The dollar was little changed on Tuesday after US consumer price data showed inflation was still rising, but at a slower pace than last month, in a widely anticipated reading that could prompt the Federal Reserve to slow or raise interest rates next week. Can stop rate hike.
Cryptocurrency prices are headed for a sharp decline in 2022 as rising rates prompt investors to abandon risk-on assets. A series of downgrades at high-profile crypto firms including major exchanges ftxThe customers were left with huge losses.


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