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After a turbulent summer, the “Crypto Winter” has begun, as volatility in the market remains rife, with prices of tokens fluctuating on a daily basis.
Recent moves have seen bitcoin (BTC) move below $20,000, with ethereum (ETH) dropping under $1,200 as market sentiment has shifted.
This shift has come as a result of the rise in consumer prices, with global inflation currently tracking at its highest level in several decades.
Central banks have moved to tackle the crisis by increasing interest rates, which has then impacted investors, and their appetite for risk.
As it may be difficult to sometimes understand these fundamentals, we at Bitcoin.com News also focus on Technical Analysis, exploring the charts, and daily price movements.
In order to continue to keep up to date with the latest goings-on in the space, with in-depth analysis on a variety of tokens, we invite you to subscribe to our weekly newsletter.
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Eliman Dambell
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. France"s 3rd Largest Bank Societe Generale"s Subsidiary Obtains Registration as Digital Asset Service Provider REGULATION | 1 hour ago Indian Commerce Giant Flipkart Will Allow Customers to Purchase Items in the Metaverse METAVERSE | 3 hours ago
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