gedebe
2026.07.02 08:36

Price of Crypto have been in the downward spiral. No thanks to rumors that US Federal Reserve will be hiking interest rate due to high inflation in the US. Keeping them do not earn any interest so in the environment that is anticipating a rate hike, people rush to sell unproductive asset and move it to fixed deposit and enjoy interest regardless of the market condition. Bitcoin is now around US$60k, it hit highest at US$126K on Oct 2025. Bitcoin dropped was also attributed to investors recycling their funds from crypto to AI stocks. AI stocks are all the focus now but they are also not immune from risks of over investment. But both of them are here to stay even as they face sell off or even crashes.

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