Key Points: Bitcoin lost about 58% of its value in the second quarter of 2022, posting its worst quarterly performance since 2011. Macroeconomic issues, such as rising interest rates and rampant inflation, led to a … Read more
Key Points: Bitcoin just finished its worst month in the 12 years that it’s been available on exchanges, losing more than 38% of its value in June as of Thursday afternoon. Ether, the world’s second-biggest cryptocurrency by market … Read more
Key Points: Over the weekend, bitcoin had fallen as low as $17,601.58. The cryptocurrency market has been hit by a number of factors, ranging from the collapse of stablecoin terraUSD to questions of solvency at … Read more
Key Points: Economists and bankers tell CNBC they aren’t worried about the crypto sell-off hurting the broader U.S. economy. “People don’t really use crypto as collateral for real-world debts. Without that, this is just a … Read more
Key Points: The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. The last time bitcoin fell below that level was December 2020. Ether, the second-largest token, plunged 10% … Read more
While bitcoin remains stuck to a $30,000, trading in a $2k range around the “nice, round number” for the past month… … In its latest weekly Crypto Compass note, UBS writes that what is most … Read more
Crypto holdings account for only 0.3% of U.S. households’ net worth, while corporate equities account for about 33%, analysis finds. The global cryptocurrency market lost over $300 billion last week and about $1.7 trillion in … Read more
Nasdaq books its biggest daily percentage gain since November 2020 U.S. stocks ended sharply higher Friday, but all three major benchmark still booked another week of losses, as investors assessed the scope for further downside … Read more
Terra’s collapse marks “the largest wealth destruction event in the short history of the crypto markets:” QCP Capital It has been a bloodbath week, as some called it, for the crypto market. Stablecoin USDTerra, or UST USTUSD, +27.89%, once among … Read more
More than a year ago, I predicted, much to the disbelief of everyone, that BTC prices would plunge, after an initial run-up, when the first BTC ETFs started trading. Most BTC predictions, based upon expectations … Read more