• Privacy Policy
  • Contact Us
  • About us
No Result
View All Result
Parhlo PK
  • Parhlo Special
  • Life Style
  • Society
  • Travel
  • Pakistan
  • News
  • How to
  • Education
Parhlo PK
  • Parhlo Special
  • Life Style
  • Society
  • Travel
  • Pakistan
  • News
  • How to
  • Education
No Result
View All Result
Plugin Install : Cart Icon need WooCommerce plugin to be installed.
Parhlo PK
ADVERTISEMENT
Home News

Crypto assets shed $800bn in market value in a month – World

PARHLO PK TEAM by PARHLO PK TEAM
May 11, 2022
in News
0
Share on FacebookShare on TwitterWhatsApp

Crypto assets shed nearly $ 800 billion in market value over the past month, touching $ 1.4 trillion on Tuesday, according to CoinMarketCap data, as the end of a simple monetary policy diminishes risk asset risk.

Bitcoin, which makes up about 40 percent of the crypto market, hit a 10-month low earlier on Tuesday, before returning to $ 31,450, just six days after touching $ 40,000. It was more than 54pc less than Nov. 10 all-time high of $ 69,000.

Digital asset prices have declined, reflecting declining interest-free business shares due to fears of rising global interest rates to curb inflation for decades.

The tech-heavy Nasdaq was down 28pc from its November 2021 high record.

Read also: SBP governor sees no ‘good use’ of cryptocurrency

The total crypto market price was $ 2.2tr on April 2, well above its total $ 2.9tr in early November, according to CoinMarketCap.

“Bitcoin remains very much in line with broader economic conditions, indicating that the previous approach could, unfortunately, be rocky, at least for now,” blockchain data provider Glassnode said in an article.

Signs of a weakness in stablecoins, usually a secure cryptocurrency, are pushing investors forward.

TerraUSD, the fourth largest stablecoin in the world, lost a third of its value on Tuesday as it lost its peg in the dollar.

Although the value of bitcoin is declining, currencies and commodities linked to $ 45 million last week as investors took advantage of the price weakness, according to digital asset manager Coinshares in a statement released Monday.

“A lot of cash flow has raised some of these cryptocurrencies,” said Sebastien Galy, a senior strategist at Nordea Asset Management.

He expects crypto, which is associated with high growth, to be under pressure as many major banks tighten monetary policy.

ShareTweetSend
Previous Post

‘You are the Mir Jafar I talk about,’ Imran tells PM Shehbaz in Jhelum power show – Pakistan

Next Post

Nazim Jokhio murder case: ATC defers verdict on its jurisdiction to hear the case – Pakistan

PARHLO PK TEAM

PARHLO PK TEAM

Next Post
Nazim Jokhio murder case: ATC defers verdict on its jurisdiction to hear the case – Pakistan

Nazim Jokhio murder case: ATC defers verdict on its jurisdiction to hear the case - Pakistan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
PTI’s long march to Islamabad on May 25: Imran Khan – Pakistan
News

PTI’s long march to Islamabad on May 25: Imran Khan – Pakistan

by PARHLO PK TEAM
May 22, 2022
0

PTI chairman Imran Khan, at a press conference in Peshawar on Sunday, announced that his party's long march to Islamabad...

Read more
Imran Khan to announce PTI’s Azadi March date shortly – Pakistan

Imran Khan to announce PTI’s Azadi March date shortly – Pakistan

May 22, 2022
No-trust motion against Parvez Elahi dismissed as Punjab Assembly session postponed to June 6 – Pakistan

No-trust motion against Parvez Elahi dismissed as Punjab Assembly session postponed to June 6 – Pakistan

May 22, 2022
Scooty price in Pakistan for girls, Brands, and Features!

Scooty price in Pakistan for girls, Brands, and Features!

May 20, 2022
How to Trace Mobile Number in Pakistan with Name

How to Trace Mobile Number in Pakistan with Name

May 20, 2022
Parhlo PK

All rights reserved

Navigate Site

  • About
  • Privacy & Policy
  • Contact Us

Follow Us

No Result
View All Result
  • Parhlo Special
  • Life Style
  • Society
  • Travel
  • Pakistan
  • News
  • How to
  • Education

All rights reserved