The biggest news of the past seven days is undoubtedly the arrest of the former CEO of FTX – Sam Bankman-Fried. This took place on December 13th in the Bahamas at the request of the US Government. SBF now faces multiple counts of fraud charges, including criminal charges from the US DOJ.
The US Bureau of Labor Statistics also published the numbers for the Consumer Price Index, which clocked in at 7.1%. The expectations were for 7.3%, which sent the markets, including Bitcoin, on a rally. The cryptocurrency topped $18K earlier in the week.
Unfortunately, the celebrations were for not as a day later, during the FOMC meeting of the US Federal Reserve, Chairman Jerome Powell announced another 50bps rate hike, sending the crypto markets into a sea of red. The declines transitioned into Friday when BTC’s price reached an intraday low below $17K.
The crypto markets are riddled with turmoil and uncertainty as questions of Binance’s solvency worry investors. The exchange has so far shown
We współpracy z: https://cryptopotato.com/bitcoin-rollercoaster-on-us-inflation-data-sbfs-arrest-and-metamasks-paypal-collab-this-weeks-recap/
