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Place/Date: - December 16th, 2022 at 5:06 am UTC · 3 min read Source: Snowfall Protocol The second global recession in two decades is here, and its impact is being felt everywhere. The crypto world is not immune to this either. Although
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For crypto and equity markets, Novogratz isn’t banking on a V-shaped recovery. Instead, he predicts a combination of market bottoms, ups-and-downs and sideways movement until a “new narrative emerges” on the macro economic environment and interest rates. The U.S. Federal Reserve increasing interest rates to lower inflation is causing hiccups
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Even as bitcoin prices languish below $10,000, North American cryptocurrency mining companies are tapping into a flurry of fresh financing from investors to pay for new equipment upgrades, bolstering the blockchain network’s resilience and reducing its reliance on Chinese operators. More than $1 billion of new bitcoin-mining computers will be purchased
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