Friday, February 3, 2023

Bitcoin Price Falls To a 52-Week Low; Cryptocurrency As An Inflation Hedge?


What are the current cryptocurrency prices and what is the bitcoin definition? Bitcoin Futures (/BTC) price fell to a new 52-week low. “UST lots its peg to the U.S. Dollar and dropped as low as $0.23 earlier this week. The plan to save UST saw Terra grow minted coins by 20-fold. LUNA created more than 99% to $0.10,” says Steven McClurg. “Even the Tether cryptocurrency lost its peg to the U.S. Dollar,’ he adds. Can crypto be an inflation hedge?

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