{"id":19919,"date":"2023-04-16T16:08:48","date_gmt":"2023-04-16T16:08:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/shapella-upgrade-hits-economist-predicts-biggest-crash-in-your-lifetime-us-bank-lending-plummets-week-in-review-the-weekly-bitcoin-news\/"},"modified":"2023-04-16T16:08:48","modified_gmt":"2023-04-16T16:08:48","slug":"shapella-upgrade-hits-economist-predicts-biggest-crash-in-your-lifetime-us-bank-lending-plummets-week-in-review-the-weekly-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shapella-upgrade-hits-economist-predicts-biggest-crash-in-your-lifetime-us-bank-lending-plummets-week-in-review-the-weekly-bitcoin-news\/","title":{"rendered":"Shapella Upgrade Hits, Economist Predicts Biggest Crash ‘in Your Lifetime,’ US Bank Lending Plummets \u2014 Week in Review \u2013 The Weekly Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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In crypto news this week, the Ethereum network\u2019s long awaited Shapella upgrade took effect, unlocking staked ether. In the broader financial world, economist Harry Dent has predicted a massive crash to hit by mid-June, bank lending plummeted by a record $105 billion in two weeks, and the USD\u2019s ability to maintain its value even in the short-term has once again been called into question. All this and more just below, in the Bitcoin.com News Week in Review. <\/strong><\/p>\n

\"Ethereum's<\/p>\n

Ethereum\u2019s Shapella Upgrade Unlocks Staked Ether, Over 860K ETH<\/a> Poised for Withdrawal, Price Surges 6%<\/h2>\n

On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum\u2019s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that more than 860,000 ether is poised for unlocking, and 77,000 ether is expected to be withdrawn on Thursday. Ether\u2019s price has experienced a surge, rising 6% against the U.S. dollar within the past 24 hours.<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"Economist<\/p>\n

Economist Harry Dent Expects Biggest Crash in Our Lifetime to Hit Between Now and Mid-June<\/h2>\n

Harry Dent, economist and author of several best-selling books, has warned that the biggest crash in our lifetime is \u201cgoing to hit between now and about mid-June.\u201d He stressed: \u201cPeople are going to know this is not a big correction \u2014 it is a major crash, one that you have not seen \u2026 in your lifetime.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"US<\/p>\n

US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns \u2018Trend Will Accelerate\u2019<\/h2>\n

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of Twitter, recently commented on trillions of dollars being withdrawn from banks into money market funds, and he insists that the \u201ctrend will accelerate.\u201d<\/p>\n

Read More<\/strong><\/a><\/p>\n

\"US<\/p>\n

US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns<\/h2>\n

Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, \u201cthe U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to every other country in the world that \u2018Hey if the U.S. doesn\u2019t like what you\u2019re doing, they can grab your money,\u2019\u201d the executive described.<\/p>\n

Read More<\/strong><\/a><\/p>\n

What are you thoughts on this week\u2019s Bitcoin.com News Week in Review? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nBitcoin.com <\/h6>\n

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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