Posted 10/14/2023, 5:37:13 PM
Crypto Prices Drop Amid Geopolitical Tensions and Inflation Worries, Though Bitcoin and Ethereum Fare Better Than Altcoins
- Crypto market down this week due to Israel-Palestine conflict and inflation concerns, though Bitcoin and Ethereum held up better than altcoins
- Top cryptos like Bitcoin, Ethereum, Polygon, Polkadot, and Avalanche all saw notable price drops over the past 7 days
- Little major adoption or regulatory news this week as attention focused on Middle East
- Ark Invest refiled for a Bitcoin spot ETF, acknowledging potential risks like changes to Bitcoin's code and energy use
- Growing predictions that SEC will approve a Bitcoin spot ETF soon after declining to appeal ruling against rejecting Grayscale's ETF conversion