Bitcoin (BTC) Posts Worst Quarter in Over a Decade: 5 Causes Why

1. Macroeconomic pressure During the quarter, the US Federal Reserve made two strong interest rate hikes to combat rampant inflation. That has raised fears of a recession in the US and other countries. It has also affected stocks, especially highly developed technology name. The tech-heavy Nasdaq Composite fell 22.4% in the second quarter, worst quarterly … Read more

Incapacity to renew withdrawals on Thursday

Bitcoin and other cryptocurrencies are in free fall. Dan Kitwood | beautiful pictures CEO Mark Lamb said it may not allow customers to withdraw funds on Thursday as originally planned. “We’ll need more time. And it’s unlikely that withdrawals will be reactivated tomorrow,” Lamb told CNBC. However, CoinFlex is in talks with a number of … Read more