By: Economic & Finance Report
Is that all folks? Who the heck knows? Bitcoin the number one cryptocurrency, on Friday (January 21, 2022) fell along with other indices, sectors and industries, in the stock market over 8 percent. Crypto prices are falling at a fast decline because international governments are placing more regulatory measures on the digital tokens.
Ethereum fell 12 percent within 24 hours previous of the opening bell on Friday, January 21, 2022. The US Federal Reserve has already indicated they will be aggressively increasing interest rates, as for the past couple years have been near zero. Now the Fed wants to increase the interest rates to speed up the US economic recovery. -SB
Image Source: CNBC