Bitcoin was trading above $27,600 and is up about 0.4% over the past week. Ether slipped 2.1%.
The leading cryptocurrency by market cap, bitcoin, was trading around $27,600 by 10 a.m. ET, up about 0.4% over the past seven days, according to TradingView data.Ether slipped about 2.1% to about $1,750, while it was a mixed bag for altcoins. Binance's BNB fell 4.2%, Polygon's MATIC plunged 10% and Solana's SOL was down 4%.
The payments company's success has nothing to do with disruptive innovation, rather, it was the firm's willingness to"facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as a revolutionary technology, and mislead investors with inflated metrics," itIt was a quiet week for MicroStrategy, adding 0.45%.
"Rate hikes by the Fed have been a headwind for digital assets as non-yield bearing assets look relatively less attractive, especially as inflation declines and real yields rise," Chris Kuiper, director of research atThe drop in bitcoin following the announcement"may have been a similar reaction given the Fed's posturing that higher rates may still be warranted," he added.
listen in on tech-Billionaire types * ..discussing who might want ‘war’ to continue note: video embedded in article link 🧵