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

Bitcoin and Other Cryptocurrencies Fell as Investors Worried About the Global Economy.

According to CoinDesk, Bitcoin, the oldest and biggest digital asset, fell by almost 4% to $20,205. Avalanche AVAXUSD –1.42% and Solana SOLUSD –2.49% both declined by 7 percent, while Ethereum ETHUSD –2.66% was down by 6 percent.

Markets in Asia and the United States both fell on Wednesday as investors worried that central banks would have to boost interest rates aggressively to control inflation. In the previous several weeks, the volatility and declines in crypto assets have been more than for traditional assets, which have moved in a similar range.

Earlier this week, Goldman Sachs boosted its projection for a U.S. recession to 30 percent. This month, the Federal Reserve is projected to hike rates 75 basis points, according to Richmond Fed President Tom Barkin.

After falling under $20,000 over the weekend, Bitcoin has subsequently risen back to the psychologically significant milestone of $20,000. Assuming the market doesn’t hold, Bitcoin might go back to its weekend lows of around $18,000, and then to the next support level of approximately $12,500-13,500 if it breaks.

The post Bitcoin and Other Cryptocurrencies Fell as Investors Worried About the Global Economy. appeared first on Best Stocks.

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