{"id":28863,"date":"2022-09-13T04:09:46","date_gmt":"2022-09-13T04:09:46","guid":{"rendered":"http:\/\/egrowonline.com\/?p=28863"},"modified":"2022-09-13T04:09:46","modified_gmt":"2022-09-13T04:09:46","slug":"bitcoin-has-not-bottomed-out-data-suggests-ether-and-other-altcoins-fall-in-monday-trading","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=28863","title":{"rendered":"Bitcoin Has Not Bottomed Out, Data Suggests; Ether and Other Altcoins Fall in Monday Trading"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>In an interview on CoinDesk&#8217;s First Mover TV program, head economist of decentralized protocols at software company ConsenSys, said that cryptocurrencies respond to external events similar to other riskier assets. &#8220;The story about the macroeconomic environment is, if it allows consumers to have a larger budget \u2013 and certainly the COVID environment was that \u2013 they&#8217;re more likely to take risks, they&#8217;re more likely to use Web3 and try new protocols,&#8221; he said. &#8220;And  if they&#8217;re compressed, and they&#8217;re much more worried about paying down their mortgages or their rents, they&#8217;re going to have less discretionary budget. And so that&#8217;s going to be damaging for crypto prices in the short term.&#8221;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.coindesk.com\/markets\/2022\/09\/13\/first-mover-asia-bitcoin-has-not-bottomed-out-data-suggests-ether-and-other-altcoins-fall-in-monday-trading\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an interview on CoinDesk&#8217;s First Mover TV program, head economist of decentralized protocols at software company ConsenSys, said that cryptocurrencies respond to external events similar to other riskier assets. &#8220;The story about the macroeconomic environment is, if it allows consumers to have a larger budget \u2013 and certainly the COVID environment was that \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,50,1634,21,369,951,2198,2966,723],"class_list":["post-28863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-bitcoin","tag-bottomed","tag-data","tag-ether","tag-fall","tag-monday","tag-suggests","tag-trading"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/09\/75H4K2JJ75AVZM7TOGLZE55IE4.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28863"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28863\/revisions"}],"predecessor-version":[{"id":28865,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/28863\/revisions\/28865"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/28864"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28863"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}