Bitcoin Clings to $40,000 as Investors Flee Risky Assets – TheStreet

Right now the most popular cryptocurrency is clinging to the psychological threshold of $40,000.

Ethereum will go from proof of work, which consumes a lot of energy, to proof of stake, which is considered more environmentally friendly.

Tech stocks do well when the economy is doing well, simply because investors are ready to buy the promise of future profits and growth when things are going well.

The current economic situation pushes investors toward caution: Inflation is at its highest in 40 years, and the Federal Reserve has started to raise its rates and will be more aggressive in May, analysts anticipate.

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