Tesla TSLA +3.64% has been buffeted by concerns over Elon Musk’s battle with Twitter, its high valuation, China’s Covid lockdowns, and the market’s recent disdain for high valuation growth stocks. Now, investors can add bitcoin to that list of woe. Barclay’s Brian Johnson said recently that Tesla’s (ticker: TSLA) … Read more
People in Russia will soon no longer be allowed to use digital assets as a form of payment. Russian President Vladimir Putin has signed a bill into law prohibiting the use of digital assets, such as cryptocurrency … Read more
Federal Reserve Vice Chair Lael Brainard became the latest official to speak out on crypto, saying Friday that regulation is needed or the industry could become a wider danger. “Innovation has the potential to make … 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
I’ve said it before and will say it again – cryptocurrencies are not a safe investment. I know it is not a popular opinion; people have had success with trading. The problems with cryptocurrencies: (1) … Read more
For all those claiming that stocks had priced in 3 (or more) 50bps (or more) rate hikes, we have some bad news. All hell is breaking loose on Monday, with futures tumbling (again) into bear market … Read more
Explosive growth across the decentralized finance sector has culminated in a 50% decline in Total Value Locked. However, the industry still holds tremendous mainstream appeal for those looking to put idle crypto-assets to work. A … Read more
Stocks rallied strongly overnight and into the morning and started to fade as Europe closed and limped home. Higher rates were allegedly the culprit, but there seemed to be more going on than that. Not … 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
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
