Cryptocurrency has become increasingly popular over the years. It has experienced many technological advances and had many ups and downs. During its peak, many people were investing in Bitcoin, Ethereum, and other altcoins. Although cryptocurrency had an initial purpose, the current market does not reflect its intentions, which is why some believe its real value was never $3 trillion.

On Wednesday, July 13, 2022, crypto bank Celsius filed for Chapter 11 bankruptcy. The digital asset firm mentioned extreme market conditions led to a surge in customer withdrawals, ultimately hurting their operations.

On July 18, 2022, Alphabet (GOOGL) executed a 20-for-1 stock split, meaning investors who previously held one Class A share of GOOGL would now receive an additional 19 shares. Although this event has led to the stock price being more affordable for investors, there may be another reason behind Google’s intentions.

Since the beginning of the COVID-19 pandemic, many people took advantage of the low-interest rates and decided to purchase a house. As many others had a similar thought process, the demand for housing began to rise.

Every year, between January 1 and April 15, one must file tax returns with the federal government. To aid them with determining the amount of taxes owed for each applicant, the federal government uses income tax brackets to determine the effective tax rate.

On June 18, 2022, Bitcoin’s price dropped under $20,000 for the first time since December 2020. Bitcoin showed a remarkable growth during the COVID-19 pandemic, especially during the lockdown era, with the price of the digital currency surging by 300%. However, as the famous saying goes, “The higher they rise, the harder they fall,” which is what Bitcoin is experiencing.

In the first quarter of 2020, when the COVID-19 pandemic first began, household wealth declined. However, since then, it has continued to rise, until now. A new recent report released by the Federal Reserve looked at the wealth of households and highlighted key financial data regarding where money is rising and falling.

Over the past couple of weeks, investor confidence has been dropping in both the crypto and stock markets. Moreover, with the current economic climate, many investors have begun offloading most of their investments as there are rising concerns about a potential recession, leading to a crypto bear market.

Marques Murrey is the Co-Founder of Black, Married & Debt Free, which he operates alongside his wife, Shyra Murrey. Marques is a real estate investor and financial coach who shares his best money advice on his website, YouTube channel, and podcast.

Currently, due to various domestic and international events going on right now, the United States (U.S.) economy is performing poorly. From high gas prices to even higher inflation rates, some people are speculating the worst.

On Wednesday, May 4, 2022, the Federal Reserve Bank announced they will be raising interest rates by a half-point. The rising rates have been at their highest point in more than 20 years, and the increased rates have caused the stock market to go into a frenzy, with the S&P 500 dropping by 3.5% the following day.