25% Off Ends InConsensus 2024 Flash Sale
00DAYS
00HR
00MIN
00SEC

Features article timestamp test [updated]

The largest cryptocurrency by market capitalization has weathered severe macroeconomic uncertainty in recent weeks to maintain its current threshold,

AccessTimeIconSep 29, 2022 at 8:44 a.m. UTC
Updated Sep 29, 2022 at 9:06 a.m. UTC
Static Headline: Amazing Event
Static Subheadline: Oct 24, 2023 - City, StateStatic description: Where the industry establishes the digital economy’s legal, regulatory and compliance best practices for the future.Subscribe Today

Three weeks ago, before the U.S. central bank raised interest rates a hawkish 75 basis points, before bond yields rose to 15-year highs and the British pound tanked, before the Dow Jones Industrial Average sank into bear market territory, Russia escalated its unprovoked invasion of Ukraine and the prospects of a severe global recession increased exponentially, the largest cryptocurrency by market capitalization was trading above $19,000.

On Wednesday, BTC was still trading comfortably above $19,000, up more than 4% over the past 24 hours and seemingly impervious to the increasingly volatile macroeconomic environment. How long bitcoin holds above this threshold remains uncertain as is its previously considered role as an inflation hedge.

  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Bitcoin video for 3.65.0
    10:46
    Bitcoin video for 3.65.0
  • Bitcoin video for 3.64.0
    51:40
    Bitcoin video for 3.64.0
  • L5KTQSZDVZDRFPHZFPKZTJT2TQ.jpeg

    art19

    Test block quote
    Test text


    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Nikhilesh De

    Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


    Read more about