In February 2022, the price of Ethereum dipped below $3,000. It had experienced a decent pump in the preceding week. In January 2022, Ethereum dipped to less than $2,500. This was the lowest that the cryptocurrency had been since the summer of 2021.
These price changes did not happen in a vacuum. The Federal Reserve chairman discussed the government increasing interest rates to counteract inflation. This announcement affected several cryptocurrencies, including Bitcoin. Because of this, many investors in Omaha are wondering if now is really the right time to buy Ethereum in Omaha, NE.
Bitcoin, Ethereum, and other cryptocurrencies are influenced by the economy. December 2021 had a less than stellar jobs report. There were signals from the government that they were going to take their foot off of the gas when it came to propping up the economy. This is due in part to the fact that the economy seems to be stabilizing on its own.
Despite a slow start in 2022, many experts strongly believe that Ethereum will break the $12,000 mark before the end of 2022. This has led many people to believe that now is the time to take advantage of the dip and buy Ethereum in Omaha, NE.
Even when you consider Ethereum’s current slump, it is still doing better now than it did a year ago. In January and February of 2021, Ethereum was valued at a touch over $1,000. Volatility is not only affecting cryptocurrencies. It is affecting the entire world economy.
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