Bitcoin News

Bitcoin, Ethereum Among Cryptocurrencies Losing Value Amid Investor Uncertainty.

Insolvencies of Bitcoin, as well as Ethereum futures contracts in the last 30 minutes, are amongst the factors that have driven BTC beneath $40,000 as well as Ethereum beneath $3,000.

Bitcoin, Ethereum Among Cryptocurrencies Losing Value Amid Investor Uncertainty.

Bitcoin Price Chart – Source: CoinMarketCap

According to Chinese cryptocurrency writer Colin Wu, Coinglass has declared the liquidation of a sum of $110 million in Bitcoin as well as Ethereum trades throughout cryptocurrency exchanges.

A combination of $57.25 million in Bitcoin as well as $38.03 in Ethereum has been liquidated. The flagship crypto is presently worth $39,821, whereas Ethereum is worth just less than $3,000, although both are fighting to rebound.

Previously, U.Today stated that Goldman Sachs, the financial powerhouse, has indicated that the Federal Reserve might hike interest rates four times rather than three times as previously anticipated. The interest rate increase might happen as recently as March.

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