Crypto prices contracted as investors flinched from the latest economic indicators that suggested inflation and monetary hawkishness would remain significant issues. GWilliamsJr_CMT writes
have lost their momentum over the past seven days, with each posting 6% declines as investors worried about inflation and continued monetary hawkishness.
Topping the list was tezos , the token of the self-amending protocol that facilitates the creation of smart contracts. Tezos posted an 8% gain over the most recent seven days, and is up 74% year to date. BTC’s 50-day moving average remains above its 200-day moving average, a so-called golden cross that usually yields positive results but has yet to do so in this most recent instance. BTC’s price is down 6% since its occurrence on Feb. 18.
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