eCash & Other Crypto Upstarts Shrug Bear Threat
February 3, 20227 min
Large price drops in the crypto and stock markets have left investors reeling through the start of 2022. Bitcoin, the largest cryptocurrency by market cap, fell more than 50% to less than $34K, where RSI reached its most ‘oversold’ since the brief crash in March 2020 (Suberg). Traditional equity investments are also in the red, with tech stocks and bond markets hit hardest. The plunge occurred amid threatened interest rate hikes from the U.S. Federal Reserve, decades-high inflation,...
