Archive: Europe

A Strong Dollar Drives Bitcoin’s Price Down

By Vin Narayanan on July 15, 2022

Crypto Market Musings Phew. June inflation numbers came in hot on Wednesday — and the markets mostly yawned. Bitcoin is trading (as of this writing) at around $20,000. It was trading around $21,000 last week. Ethereum is trading around $1,131. It was trading around $1,200 at this point last week. Considering inflation is up 9.1% year over year (the biggest single year jump since 1981) and 1.3% since May (the biggest…
Nearly 60% of high net worth individuals surveyed by Capgemini, a French business consulting corporation, showed interest in investing in cryptocurrency in Q1 of this year. To get an expert’s perspective on the numbers, I’m turning to Andy Gordon.
The European experience with bitcoin and other cryptocurrencies is similar to the American one, with buying coming at the end of the "hype cycle."