The drop comes as crypto investors react to the Federal Reserve’s most recent meeting. In addition, the Federal Reserve will hold more meetings in the coming months. Bitcoin was trading near $36,000 on Friday, after falling to $35,280, its lowest level since January 23, as U.S. …Read the full story
The most recent valuation marks a 50% drop since the cryptocurrency peaked in November 2021, reports the BBC. While trading was previously dominated by individual investors, professional investors, such as hedge funds, have grown their presence in stock markets in recent years. And Bitcoin isn’t the only digital asset in decline – as the Wall Street […]
The bitcoin price has this morning dropped to under $33,000, down more than 20% over the last 30 days. On guard: After Terra’s algorithmic stablecoin TerraUSD has announced this morning it will lend out hundreds of millions of dollars worth of bitcoin and the stablecoin UST in order to maintain it. What happened: It’s thought […]
Tightening monetary policy to combat runaway inflation and ebbing liquidity are turning investors away from speculative assets across global markets. Adding to the caution around digital assets, the value of TerraUSD or UST, an algorithmic stablecoin that aims to maintain a one-to-one peg to the dollar, slid below $1 over the weekend before recovering. The […]
Bitcoin dropped to as low as $33,266 in morning trade, testing the January low of $32,951. …Read the full story
El Salvador’s president Naybib Bukele introduced bitcoin with the promise it would boost the economy, help people without access to banking facilities and save money on remittances. Chivo has had “virtually no downloads” so far in 2022, according to a study by Fernando Alvarez, at the University of Chicago and his colleagues. New Chivo users […]
The big swings in equities are being echoed in crypto markets as volatility sends risk assets into a tailspin. …Read the full story
Overall, Block’s revenue fell 22 percent to $3.96 billion in the three months ended March 31. “You don’t need to do anything else because you already have a perfect system, with zero percent tax on bitcoin. …Read the full story
Then, as now, Bitcoin was in the second year of its four-year halving cycle, having seen its first blow-off top at just over $1,000 in November 2013. After April’s performance, however, the odds of a comeback feel slim. The order book of May 8 shows a major bid wall in place at $33,000. “Historically $69.5M […]
Bitcoin dropped to as low as US$33,266 in morning trade, testing the January low of US$32,951. The tech-heavy Nasdaq fell 1.5 per cent last week and has lost 22 per cent year to date, hurt by the prospect of persistent inflation forcing the US Federal Reserve to hike rates despite slowing growth. …Read the full story
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. …Read the full story
LFG is a non-profit organisation dedicated to guiding the growth of the Terra network and its ecosystem. The foundation’s most recent bitcoin acquisition was made up of two over-the-counter transactions, the first of which was a $1 billion OTC swap with crypto prime broker Genesis for $1 billion in UST, and the second was a […]
