First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle

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First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle
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Bitcoin prices could tumble to 2017 highs under $20,000 before long-term buyers return to the market, and provided macroeconomic sentiment improves, says one analyst; BTC, ETH struggled in Tuesday trading. shauryamalwa and JPRubin23 report

Bitcoin stabilized Tuesday at about $22,000 after crumbling Monday amid inflation fears and wider macroeconomic weakness. The largest cryptocurrency by market capitalization had followed major Asian indices which continued their own recent spiral, closing at least 1% lower.

Kuptsikevich added that bitcoin prices could tumble to 2017 highs under $20,000 before long-term buyers return to the market, and provided macroeconomic sentiment improves. The artistic, political collective – which counts over 100 members, of which a punk band is just a small part – is working toward a more equal world. Over the past decade, Pussy Riot has founded media companies, published books and staged protests on and offline to further their “global feminist protest art movement.”Lately, the group has been using the censorship-resistant tools enabled by crypto. Tolokonnikova was a co-founder of women and LGBTQ+ activist group Unicorn DAO.

John Caldwell, a founder of Unicorn, said the group was “surprised” by how little attention and support this protest action has received. Texas, a U.S. state known for supporting the ideals of autonomy, personal freedom and limited state intervention, has been at the forefront of the conservative-led charge to roll back abortion rights, he said.

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