Business News Asia
The latest report on the crypto market says that the number of bitcoins on central exchanges has dropped by more than $2.9 billion in the last 24 hours.
Bitcoin fell from nearly $39,000 to $35,000, with the current Bitcoin price (Jan. 28) at $37,171.32.
The Fed’s statements about ending QE and that there is enough room for interest rate hikes continue to weigh heavily on the markets. But one of the main statements, that in the background also the reduction of the balance sheet should still take place worries the markets yet. The S&P 500 fell yesterday (27 January) by 0.54%, the DOW by 0.02%, and the NASDAQ by 1.4%. Since the crypto markets also live on cheap liquidity, these are also experiencing a downward trend at the moment.
The White House around the Biden administration continues to focus on regulating cryptocurrencies and now even calls it a matter of national security. Now, the White House wants to analyze digital assets and find suitable regulations.
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Friday, January 28, 2022