The two biggest cryptocurrencies in terms of market capitalization, bitcoin (BTC) and Ethereum (ETH), started off the week on a downtrend, ahead of the U.S. data release week. Lately, Bitcoin has been struggling to get out of the US$19,000, while Ethereum is also failing to pick up a significant upward trend. Despite a similar price […]
Category: News
September 27, 2022
September 27, 2022
Bank of America: Cryptocurrencies Continue to Act As Risk Assets
The Bank of America stated in a research paper this Friday that digital assets continue to operate as risk assets, decreasing when global interest rates climb. Still, stablecoin inflows are a hint of an eventual comeback. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the US dollar or gold. The report […]
September 24, 2022
Lebanese Citizens Opting For Cryptos Amidst The Country’s Severe Economical Crisis
Currently, the country of Lebanon is going through one of the most severe economic recessions in its history. The country’s GDP fell to a projected US$20.5 billion in 2021. To put it in perspective how severe of a crisis the country is in — Lebanon’s gross domestic product was double that amount by 2018 (US$55 […]
