Bitcoin and Ethereum Price Struggle to Hold Support Amid Increasing Bearish Pressure

After yesterday’s bullish rebound where Bitcoin and Ethereum prices saw significant price growth, the momentum is currently dying, with BTC and ETH prices retracting a few percent. Bitcoin is struggling to hold the $20k support level while Ethereum is attempting to stay afloat above $1k. The recent bearish momentum is likely due to continuing investor worry about inflation and the stock market’s underperformance today. Bitcoin Price Struggles to Hold Above $20K While Bitcoin managed to soar above $21k yesterday, today is different. As the stock market opened with little momentum, Bitcoin’s market started losing steam. The Dow Jones Industrial Average

The post Bitcoin and Ethereum Price Struggle to Hold Support Amid Increasing Bearish Pressure appeared first on The Merkle News.

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Tether Launches Stablecoin Pegged to the British Pound Sterling

Tether Launches Stablecoin Pegged to the British Pound SterlingTether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news follows Tether’s most recent launch of a Mexican peso-pegged crypto asset called MXNT. Tether Launches the Company’s 4th Fiat-Pegged Crypto Asset On June 22, 2022, […]

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