{"id":32488,"date":"2022-06-01T19:25:56","date_gmt":"2022-06-01T19:25:56","guid":{"rendered":"https:\/\/harchi90.com\/bitcoin-other-cryptocurrencies-drop-amid-economic-storm-warning-cryptocurrency-btc-usd\/"},"modified":"2022-06-01T19:25:56","modified_gmt":"2022-06-01T19:25:56","slug":"bitcoin-other-cryptocurrencies-drop-amid-economic-storm-warning-cryptocurrency-btc-usd","status":"publish","type":"post","link":"https:\/\/harchi90.com\/bitcoin-other-cryptocurrencies-drop-amid-economic-storm-warning-cryptocurrency-btc-usd\/","title":{"rendered":"Bitcoin, other cryptocurrencies drop amid economic storm warning (Cryptocurrency: BTC-USD)"},"content":{"rendered":"<div data-test-id=\"content-container\">\n<p><figure class=\"getty-figure\" data-type=\"getty-image\"> <picture>  <\/picture><figcaption class=\"caption\" data-type=\"getty-image\">\n<p>urfinguss \/ iStock via Getty Images<\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p>After perking up on Tuesday, bitcoin (BTC-USD) is threatening to drop below $ 30K, another sign that the world&#8217;s largest cryptocurrency doesn&#8217;t appear to be a hedge against more traditional assets.<\/p>\n<p>Bitcoin (BTC-USD) is<span class=\"red paywall-full-content\"> down 5.4%<\/span><span class=\"paywall-full-content\">  midday Wednesday at the same time that the three major US stock averages are each down at least 1% &#8211; the Dow -1.0%, Nasdaq -1.2%, and S&#038;P 500 -1.2%.  Market volatility continued after JPMorgan CEO Jamie Dimon warned that an economic &#8220;hurricane&#8221; is approaching, citing risks from the Russian invasion of Ukraine and the Federal Reserve&#8217;s tightening cycle.<\/span><\/p>\n<p class=\"paywall-full-content\">Separately, Elissa Slotkin, a representative from Michigan, has introduced a bipartisan bill to require Congressional lawmakers to disclose all of their cryptocurrency holdings and transactions and those of their spouses and dependent children, Bloomberg reported.<\/p>\n<p class=\"paywall-full-content\">Other major cryptos are also wilting: Ethereum (ETH-USD) <span class=\"red\">drops 5.6%<\/span> to $ 1.86K, Binance coin (BNB-USD) <span class=\"red\">-5.8%<\/span>XRP (XRP-USD) <span class=\"red\">-2.4%<\/span>and Cardano (ADA-USD) <span class=\"red\">-9.8%<\/span>.<\/p>\n<p class=\"paywall-full-content\">As has been usual, many crypto-related stocks are falling even more.  MicroStrategy (<span class=\"ticker-hover-wrapper\">NASDAQ: MSTR<\/span>) <span class=\"red\">-11%<\/span>Riot Blockchain (<span class=\"ticker-hover-wrapper\">NASDAQ: RIOT<\/span>) <span class=\"red\">-9.4%<\/span>Marathon Digital (<span class=\"ticker-hover-wrapper\">NASDAQ: MARA<\/span>) <span class=\"red\">-10%<\/span>Coinbase Global (<span class=\"ticker-hover-wrapper\">NASDAQ: COIN<\/span>) <span class=\"red\">-13%<\/span>.<\/p>\n<p class=\"paywall-full-content\">On Tuesday, bitcoin and cardano rose amid signs that the crypto market was bottoming<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>urfinguss \/ iStock via Getty Images After perking up on Tuesday, bitcoin (BTC-USD) is threatening to drop below $ 30K, another sign that the world&#8217;s largest cryptocurrency doesn&#8217;t appear to be a hedge against more traditional assets. Bitcoin (BTC-USD) is down 5.4% midday Wednesday at the same time that the three major US stock averages &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/bitcoin-other-cryptocurrencies-drop-amid-economic-storm-warning-cryptocurrency-btc-usd\/\"> <span class=\"screen-reader-text\">Bitcoin, other cryptocurrencies drop amid economic storm warning (Cryptocurrency: BTC-USD)<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":32489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/1302791678\/image_1302791678.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/1302791678\/image_1302791678.jpg?io=getty-c-w750","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32488"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=32488"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/32488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/32489"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=32488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=32488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=32488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}