Beyond the Storm: Navigating the Uncharted Waters of the Post-Pandemic Corporate Landscape
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
October 14, 2022: -On Thursday, Cryptocurrency costs declined to new October lows after crucial U.S. inflation data evolved hotter than expected.
The price of bitcoin decreased 4% to $18,388.00, and ether skimmed 6% to $1,216, according to Coin Metrics.
Cryptocurrencies have traded side since August, with bitcoin flowing within $19,000. That’s been a critical level to watch for analysts, who say a break below it could lead to recent lows below those in June when bitcoin dropped below $17,800, and ether decreased under $900.
On Thursday, Prices dropped after the consumer price index for September showed a much better-than-anticipated increase in inflation despite the aggressive rate hikes the Federal Reserve has brought into play to combat the cost increases.
“Markets don’t tend to embrace high inflation numbers because they usually lead to further rate hikes,” said Steve McClurg, chief investment officer at Valkyrie assets. “Given what we know about Powell’s stated goal right now and the fact that we are in what appears to be a deep recession, it makes sense that we’d be down today.”
“We firmly believe that markets still have not yet reached a bottom and that there’s still likely another 10-15 percent leg down for digital assets, and even more for equities,” he added.
Crypto equities decreased with digital asset prices. Coinbase lost about 11%, Microstrategy dropped 8%, and Silvergate Bank dropped about 7%.
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
Workplace culture has evolved beyond the superficial allure of ping-pong tables and casual Fridays in the ever-shifting landscape …
In the grand orchestration of corporate strategy, a new conductor has taken the stage, wielding algorithms instead …
In the pulsating heartbeat of technological evolution, a virtual reality revolution is unfurling, beckoning us to reimagine the very essence …
In the grand theater of corporate endeavors, where success is not merely measured in profits but in the harmonious achievements of inspired teams, what if I told you …
The landscape of enterprise Linux distributions has witnessed significant developments recently, with Red Hat …
In a significant development within the satellite communications industry, Luxembourg-based SES has agreed to acquire …
Contrasting trends have emerged in the financial markets in the lead-up to the highly anticipated Federal Reserve meeting …
A widespread recall has been issued for approximately 85,984 pounds of sliced prosciutto ham distributed to retail locations …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you