IITMIND: EdTech, Finance and Crypto currencies


Major US Stock Markets have already wiped Billions of Dollars from the US economy, analysts suggest Bitcoin (BTC) could be a major factor in reviving the US economy.

Just a few days before, when the US CPI (Consumer Price Index) came out, it shooked the Major US Stock Market as the overall financial market followed the S&P 500 dropped by 210 points (5.15%). The crypto market also faced liquidations and high volatility. The price of Bitcoin fell straightway from $22,500 to $19,400. A major selloff in the cryptocurrency market happened due to this.

The report by the US government shows that inflation increased from 8.1% to 8.3% in the month of August. Due to this, the US Federal Reserve is now expected to hike interest rates up to 100 basis points, which was expected to be 75 basis points before the data came out. The US Federal Reserve is continuously hiking interest rates to low down inflation.

 Recently, The famous book author Robert Kiyosaki (Rich Dad, Poor Dad) said "Invest in REAL MONEY. Gold, Silver & Bitcoin". There have been quite positive developments in the crypto industry. But to make rebound again, Bitcoin is needed to get constant resistance support from the bulls.

At the time of writing this article, Bitcoin is trading at $19,980 with a market cap of $382.21B, while the global crypto market is $968.81B.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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