Bitcoin's price stayed below $100,000 this week! This is partly because of news about rising prices in the U.S. People are worried about inflation, which makes them less likely to invest in Bitcoin, a risky investment.
- Inflation means prices for things like food and gas are going up.
- Investors might choose safer investments instead of Bitcoin right now.
- Other cryptocurrencies like Ether and Dogecoin are also changing in price.
Cryptocurrency | Price |
---|---|
Bitcoin | $97,110.19 |
Ether | $2,661.92 |
Dogecoin | $0.26 |
XRP | $2.44 |
Experts say that the recent price changes might be a good thing in the long run. It could mean people will be less likely to lose money.