The crypto market was in a sea of red on Friday as bitcoin, the world's largest cryptocurrency by market capitalization, tumbled more than 10% over the past 24 hours.It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and equities have increased, which results in … [Read more...] about Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk
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Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country's presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation's internet, causing network activity to plunge to 2% of daily … [Read more...] about Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting
(Edited by James Rubin)Good morning. Here’s what’s happening this morning:Market moves: Bitcoin fell as investor jitters grew over the upcoming Fed decision on combating inflation.Technician’s take: A breakdown in BTC could damage the intermediate-term trend despite oversold signals.PricesBitcoin (BTC): $46,963 -6.7%Ether (ETH): $3,800 -8.75%MarketsS&P 500: $4,668 -0.9%Dow … [Read more...] about First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting
Crypto prices in India tumble after crypto bill announced
Regulatory discussions in India around a crypto ban caused panic selling on major crypto exchange WazirX, resulting in massive price drop on leading cryptocurrencies including Bitcoin (BTC) and Ether (ETH). Crypto prices in India crashed soon after the parliament announced to introduce and list 26 new bills in the Winter Session, which included the Cryptocurrency and Regulation … [Read more...] about Crypto prices in India tumble after crypto bill announced
Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
As for its outlook, Coinbase said that “while we entered Q3 with softer crypto market conditions, driven by low volatility and declining crypto asset prices, market conditions improved meaningfully later in the quarter which we have continued to see into early Q4.” Source link … [Read more...] about Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates