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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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

On Tuesday, Bitcoin Surged Beyond $21,000, Recouping Some of the Losses It Had Suffered in the Last Several Days.

According to CoinDesk, the oldest and largest cryptocurrency was trading at $21,079, an increase of 5.8 percent from the previous day. Ethereum ETHUSD +2.74% was up 7%, while Solana SOLUSD +7.28% had gained 15% and Avalanche AVAXUSD +4.23% 12%.

Since the price of bitcoin fell below $20,000 over the weekend, it is currently around 6% lower than a week ago. As the stock and bond markets, cryptocurrencies have taken a battering from central banks’ efforts to hike interest rates. On Thursday, the Federal Reserve raised interest rates for the first time in almost 30 years.

Investors are attempting to figure out whether the recent losses for cryptocurrencies are transitory or the beginning of an industry collapse. Investors in bitcoin have suffered losses of a record-breaking $7.3 billion. As of Monday, according to Glass node, Volatility in T3 Bitcoin is approaching May’s peak when TerraUSD USTUSD +1.46 percent ran into difficulties.

Following the losses in virtual assets, the institutions surrounding them were also affected. After temporarily halting all withdrawals and transactions earlier this month, cryptocurrency lender Celsius Network announced on Monday that it would require additional time to restore normal operations and liquidity levels.

The post On Tuesday, Bitcoin Surged Beyond $21,000, Recouping Some of the Losses It Had Suffered in the Last Several Days. appeared first on Best Stocks.

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