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Bitcoin Crashes Below $70K, Nvidia CEO Resigns, Inflation Fears Return: Weekly Crypto Recap

By Jordan Lyanchev

Bitcoin dumped to multi-month lows, the altcoins followed. Here are the most important developments of the past week.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Inflation

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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