DDCT #139 - 6/20/2022 (What the crypto collapse means for El Salvador's economy)
26m | Jun 20, 2022#Bitcoin #Litecoin #Elsalvador
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ARTICLES used in today's video:
https://ambcrypto.com/litecoin-evaluating-the-possibility-of-ltc-going-back-to-100/
Litecoin: Evaluating the possibility of LTC going back to $100
Litecoin [LTC] is one of the few altcoins that is managing to recover the losses gradually. This on all fronts is indicating a possible trend reversal.
While resistance from the broader market cues is natural, the support it has from its investors will play a crucial role in helping the cryptocurrency recover quickly.
https://www.cnbc.com/2022/06/18/bitcoin-price-drops-below-18600-as-sell-off-accelerates.html
Bitcoin briefly dropped below $17,800 as sell-off accelerates — here’s what happened
Bitcoin fell to about $17,749, and ether fell to about $897 on Saturday afternoon, as the sell-off in the crypto market accelerates.
Bitcoin bounced back to around $18,955 and ether was trading at about $955 just after 8 p.m. ET.
Bitcoin peaked at $68,789.63 in November.
The Crypto Crash: all Ponzi schemes topple eventually
One week ago, as cryptocurrency prices plummeted, Celsius Network – an experimental cryptocurrency bank with more than one million customers that has emerged as a leader in the murky world of decentralized finance, or DeFi – announced it was freezing withdrawals “due to extreme market conditions”.
If You Invested $100 In Tesla, Apple, Bitcoin, Ethereum And Dogecoin 5 Years Ago, Here's How Much You'd Have Now
As good as investors in the major U.S. indices have had it in recent years, cryptocurrencies and a number of large-cap tech stocks have performed that much better. Cryptocurrency and tech bulls who bought in 2017 and held through when U.S. markets bottomed out in March 2020, despite the recent volatility, have been treated to epic returns on their investment.
https://www.npr.org/2022/06/19/1106168947/what-the-crypto-collapse-means-for-el-salvadors-economy
What the crypto collapse means for El Salvador's economy
The recent collapse in the value of cryptocurrencies has left a lot of investors in those digital assets in a lot of pain. The collapse is also causing trouble in El Salvador, whose president, Nayib Bukele, last year adopted bitcoin as one of the country's legal tenders alongside the U.S. dollar and has invested more than $100 million in bitcoin. To help us better understand what this could mean for El Salvador's economy, we're joined by Julio Sevilla. He's an associate professor at the Terry College of Business at the University of Georgia. Julio Sevilla, welcome to ALL THINGS CONSIDERED.
https://alternative.me/crypto/fear-and-greed-index/
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Dave
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