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© Reuters.
Investing.com – Cryptos have resumed their decline this week as US Treasuries yields rise. Investors are thus seeing the beginning of the results of the tightening of monetary policy.
Cryptos thus risk losing the aspects that have made them successful so far as a protection against their ultraliberal policies. As UBS reports, cryptos may face a new “winter.”
At the same time, progress continues on the side of CBDCs with the report issued by the Fed on this subject. Meanwhile, Russia is reportedly set to ban cryptos.
The cryptos that benefited the most from this week’s conditions are:
, currently at $0.002625, is up 4.18% in the last 7 days and down 4.63% on a monthly basis and ranks 49th with a capitalization of $2.5 billion.
, currently at $1.12, is up 4.35% in the last 7 days and 48.68% on a monthly basis and ranks 99th with a capitalization of $0.7 billion.
However, the market did not only see increases, but recorded losses as well:
, currently at $0.973, is down 34.32% in the last 7 days and 57.47% on a monthly basis and ranks 76th with a capitalization of $1.3 billion.
, currently at $0.2437, is down 34.11% in the last 7 days and 3.80% on a monthly basis and ranks 47th with a capitalization of $2.8 billion.
, currently at $6.49, is down 32.28% in the last 7 days and up 43.61% on a monthly basis and ranks 82nd with a capitalization of $1.0 billion.
, currently at $14.18, is down 29.14% in the last 7 days and up 23.12% on a monthly basis and ranks 22nd with a capitalization of $8.8 billion.
, currently at $3.67, is down 28.26% in the last 7 days and 27.59% on a monthly basis and ranks 60th with a capitalization of $1.6 billion.
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