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Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic
A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies. SAN FRANCISCO — 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…
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With April seeing largest average outflows of 2022, is recovery a distant dream
April was a difficult month for the crypto industry with the flagship tokens largely faltering. Data up to 27 April says that BTC fell by 16.3% and ETH dropped around 14.4%. With uncertainty surrounding the Fed and the ongoing Russia-Ukraine conflict, the digital assets market took the worst hit. There was a further drop in…
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Bitcoin’s March Gains Help Erase Memories (and Losses) From Awful 2022 Start
Cardano and Solana rose 27%, outperforming bitcoin. Bitcoin, after suffering one of its worst-ever starts to a year, came back strong in March with a 9% gain, almost completely reversing losses from earlier in 2022 and outperforming U.S. stocks while leading a rally across broader digital-asset markets. Alternative cryptocurrencies known as altcoins also boasted gains,…
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Bitcoin surges above $48,000, turns positive for 2022
The price of bitcoin jumped Monday following a slew of bullish developments for the cryptocurrency, even as investors continue to monitor developments in the war in Ukraine and moves by the Federal Reserve. Bitcoin extended gains from a late Sunday rally, when the cryptocurrency broke past the key level of $45,000 and erased its losses for…
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Experts Say Bitcoin Could Hit $100,000 In 2022. Here’s What Investors Should Know
It’s been a rocky start to the year for Bitcoin, but experts still say it will hit $100,000 — and that it’s more a matter of when, not if. Bitcoin’s price dropped below $20,000 Saturday as investors continued to bail out of risky assets amid macroeconomic uncertainty. Several factors are contributing to growing economic anxiety including surging…