There you go, did you read the title? DOWN.
Why? Apparently there are a few factors:
"The crypto world was knocked by several announcements in recent days as the reality of regulation spooked investors.
On Wednesday, the US Federal Reserve said it could raise interest rates by late 2023 on Wednesday. Assets deemed to be risky, like certain stocks and crypto, have also been weighed down by lingering concerns that the Fed may wind down its bond-buying programme sooner than expected.
On Thursday, the World Bank also rejected a request from El Salvador to help with the implementation of bitcoin as a legal tender.
The bank said it could not assist El Salvador’s plans due to the environmental impact of bitcoin mining, and transparency drawbacks."
Bitcoin struggles to bounce back as cryptos continue to decline.
Hive: $0.2781 down 7.87% ouch
Bitcoin: $34,077.32 down 4.96% ouch
CUB: $0.7037 down 3.91% ouch
Chia: $364.70 down 7.22% ouch
If you are still a believer (I am) great time to HODL or buy.
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Have a great day all.
Bradley