What is happening with the crypto market? Bitfinex market analysts shared with Cointelegraph en Español their views on the price of bitcoin, but also on its strengths.
“Extreme volatility has swept through the cryptocurrency market, providing bitcoin, as a battle-hardened technology, another opportunity to prove its metal,” they opined.
“A pervasive macroeconomic backdrop of spiraling inflation levels and continued interest rate hikes by the US Federal Reserve is also weighing on the price of bitcoin,” they later added.
“Bitcoin dominance continues to rise amid a flight to quality in the digital token ecosystem,” they concluded.
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