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Text size The prices of cryptocurrencies like Bitcoin and Ether have plummeted this year. Dusan Zidar/Dreamstime Between a collapse in prices, layoffs, and high-profile defaults, the winds of the next so-called cryptocurrency winter are blowing for Bitcoin and other digital assets. Bitcoin was trading near $20,200 late on Wednesday afternoon, down by more than two-thirds … Read More “A Crypto Winter Is Setting In. Why the Outlook Is Different This Time.” »
Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime Text size The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency. In good times, crypto mining firms and Bitcoin’s price are locked in a virtuous cycle. The miners own giant … Read More “Bitcoin Prices Could Fall Further as Crypto Miners Struggle” »
Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency. In good times, crypto mining firms and Bitcoin’s price are locked in a virtuous cycle. The miners own giant … Read More “Bitcoin’s Next Headwind: Struggling Crypto Miners” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read More “Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says” »
Text size Shares in Coinbase have collapsed in 2022 amid a crypto trading slowdown. Tiffany Hagler-Geard/Bloomberg Shares in cryptocurrency exchange Coinbase Global tumbled on Monday after Goldman Sachs downgraded the stock to Sell from Neutral, citing the likelihood that revenue declines will accelerate in the second half of the year. Goldman slashed its price target … Read More “Coinbase Tumbles as the Bear Case Builds. Goldman Sachs Says Sell the Stock.” »
Text size Bitcoin is trading at less than one-third its all-time high from November 2021. Dreamstime Bitcoin and other cryptocurrencies were steadying on Monday, holding firmly above the depths reached amid a deep selloff over the past two weeks but still under pressure. The price of Bitcoin was trading just above flat over the past … Read More “Bitcoin ‘Remains in the Danger Zone’ as Cryptos Steady. Where It Could Go Next.” »
Text size The Bitcoin Strategy ETF topped $1 billion in assets within two days. Dreamstime Investors will soon have a new tool for betting against Bitcoin, but they better make sure they are prepared for the risks. ProShares said it will launch on Tuesday a short-Bitcoin futures exchange-traded fund, called Short Bitcoin Strategy. The ETF, … Read More “There’s a New Way to Bet Bitcoin Will Fall. Be Careful.” »
Text size Bitcoin traded up on Monday after a week of steep losses. Dan Kitwood/Getty Images Bitcoin, the biggest and oldest cryptocurrency, traded at around the psychologically important level of $20,000 on Monday after falling more than 20% over the past seven days. The digital currency was up 8% in the previous 24 hours to … Read More “Bitcoin Teeters Around $20,000 Amid a Volatile Crypto Winter Storm” »
Text size Bitcoin prices have been crashing and could fall even further. Courtesy Ethan Lou The Bitcoin carnage continues, as the cryptocurrency breaks $20,000 to trade at its lowest level since 2020. Don’t be surprised if $10,000 is the next stop. Bitcoin has dropped 7.2% to $19,027.52 during the past 24 hours, bringing it to … Read More “Bitcoin Just Crashed Below $20,000. Where It Might Be Headed Next.” »
On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the 30-second spot for the popular cryptocurrency-trading platform. The words that splashed across the screen as the commercial ended read … Read More “The Crypto Party Is Over” »
