The cryptocurrency industry was on edge on Monday as bitcoin held just above $20,000 and investors feared that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, dropped on Saturday to as low as $17,592.78, falling below the key $20,000 level for the first time since December 2020. […]
Continue Reading
The cryptocurrency market has been tanking since the Luna-Terra stablecoin episode. The global market cap has shrunk below $1 trillion to $977 billion, a 12 per cent fall since Monday. The largest cryptocurrency, Bitcoin, plunged more than 10 per cent since Monday, falling to an 18-month low of $22,345. It is down by around 60 […]
Continue Reading
Written by David Yaffe-Bellany, Erin Griffith and Ephrat Livni The price of bitcoin plunged to its lowest point since 2020. Coinbase, the large cryptocurrency exchange, tanked in value. A cryptocurrency that promoted itself as a stable means of exchange collapsed. And more than $300 billion was wiped out by a crash in cryptocurrency prices since […]
Continue Reading
Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment is particularly fragile, […]
Continue Reading
Written by: David Yaffe-Bellany Bitcoin was conceived more than a decade ago as “digital gold,” a long-term store of value that would resist broader economic trends and provide a hedge against inflation. But bitcoin’s crashing price over the past month shows that vision is a long way from reality. Instead, traders are increasingly treating the […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
