Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Two Days After the Federal Reserve Increased the Rate of Interest Rate Rises, the Value of Cryptocurrencies Fell Further on Friday.

Digital currency Bitcoin BTCUSD +1.10 percent has lost 30% in the last seven days, falling more than 1% to $20,933. Ethereum’s price, ETHUSD –0.20%, was down 3%. SolanaSOLUSD +1.71 percent and Avalanche AVAXUSD -0.12 percent were both down approximately 1 percent.

Celsius Network, a crypto lender, unexpectedly froze withdrawals earlier this week, resulting in a loss of trust in the digital asset ecosystem. After failing to make margin calls on Thursday, Three Arrows Capital’s crypto hedge fund bets were liquidated. Additionally, Finbox limits withdrawals for users of its crypto-yield business Finbox.

Cryptocurrency values are plummeting, and the corporations that have built their businesses around these assets are feeling the strain. Cryptocurrencies have begun to collapse more sharply than other assets after months of trading in a similar manner to risky equities.

The Fed’s decision to raise borrowing prices has taken a heavy toll on the stock market this year. On Wednesday, it raised its benchmark interest rate to its highest level since 1994 to contain the fastest rate of inflation in more than four decades.

The post Two Days After the Federal Reserve Increased the Rate of Interest Rate Rises, the Value of Cryptocurrencies Fell Further on Friday. appeared first on Best Stocks.

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