The crypto is falling apart. Mortgage rates are rising. Here’s what it all means

You’ve definitely seen headlines: mortgage rates are rising, cryptocurrencies are falling, and bears are back on Wall Street. But what does all this mean? Host Jon Sarlin ‘Nightcap’ talks to CNN Business experts about what’s going on in the economy. To send your daily business titles directly to your inbox, sign up for the Nightcap newsletter https://www.cnn.com/specials/nightcap. === Bitcoin drops below $ 20,000 as cryptocurrency continues to melt The price of Bitcoin has broken $ 19,000 and ethereum has fallen below $ 1,000 on Saturday morning, expanding the wild bear market of cryptography to new minorities. Bitcoin fell by almost 10% in less than 24 hours, adding to the many losses in recent months. It is below $ 20,000 for the first time since November 2020, more than 70%, 70% less than the highest of $ 68,000 per coin in November 2021. B itcoin has lost $ 900 billion from that peak. Ether is also living in what is called the winter of cryptography. The second-largest digital token fell 10% to $ 975 on Saturday, the lowest level since January 2021. The coin lost 80% of its value last November. The massive collapse of cryptography is part of a larger market crash caused by high inflation, rising interest rates, the Ukrainian wars, the Covid blockades and the chaos of the supply chain. This week, the Federal Reserve raised interest rates by 75 basis points, the highest increase since 1994. The change led to the withdrawal of all assets. The S&P 500 is also on the bear market and posted its worst week since 2020. Read more here: https://www.cnn.com/2022/06/18/investing/bitcoin-ether-cyrpto-drop/index.html

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What Are The Main Benefits Of Comparing Car Insurance Quotes Online

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