NFT Updates: The largest cryptocurrency by market capitalization spent most of the day trading on the side before a late fall brought it down about 2% in the past 24 hours and recently traded at $19,050.
BTC has been stable between $19,000 and $19,500 for most of the past four days, as investors await solid evidence that inflation is slowing down significantly.
Both events will hurt risky assets, including crypto. “I think inflation will continue to be high,” Octavio Marenzi, CEO and founder of Opimas management, told CoinDesk TV’s First Mover program.
