Inflation continues to cast a shadow over crypto markets

Published by
City AM

By Darren Parkin The price of Bitcoin continues to hover at around $24k, dropping just 1.38 per cent over the past 24 hours to $23,810 this morning. Ether followed a similar pattern, settling at just below $1,800 at $1,773 – roughly flat since this time yesterday. Other major cryptocurrencies spent much of yesterday firmly in the green but have dropped back slightly since then. The crypto markets continue to look stronger than traditional stocks, with the tech heavy Nasdaq falling 0.1 per cent yesterday while the Dow Jones Industrial Average (DJIA) rose 0.1 per cent. The main topic of conversa…

Read More