Source: https://news.bitcoin.com/
Hi all,
Slice of Crypto here and on today's news topic we will be discussing upon this story.
WHY HAS BITCOIN, ETHEREUM & DOGECOIN FELL?
So before the time of 1PM ET we have seen the prices of crypto falling today with the likes of these 3 dropping like fly's.
SOURCE: Coinmarketcap
BUT WHY DID THIS HAPPEN TODAY?
Let's Find out
THE ANSWER TO THE PROBLEM IS THIS!!!
With Russia still currently invading Ukraine at this moment in time, and yesterday or 2 days ago that the USA had said that they are turning away from their Russia's Gas and go elsewhere because of the current invasion.
And despite all of this, everything has gone up in price (or what I call it here in the UK, The cost of living).
The way that I have said by the term word 'the cost of living' is what we spend on a day to day lives from buying food to filling up our vehicles every week.
But now since President Joe Biden has signed an executive order to study digital assets which could help define the rules over the crypto space.
Opinion on my view
In my opinion on this news story is that people like the investors to find another route to more of an investment.
But why,
Because of the inflation at this moment being so far high, it could lead to devastating results.
Also, here I want to show you the price of the inflation on USD
so let's start with the USD
SOURCE: https://www.officialdata.org/
As you can see from this picture that if you had $1 from 1800, you would have gained more money in value over time to $22.31
Which I kinda don't know if it's good or a bad thing.
NEWS SOURCES
DISCLAIMER
Please note that I am not your personal financial advisor as this is for pure entertainment purposes.
Furthermore, If I post anything, there will be a source link for you to check out and to see where it come from.
And lastly, what ever I say is based on my own personal opinion.
If you have any opinion on my view, leave a comment down below and I will catch you on the next blog
@sliceofcrypto