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Bitcoin drops below $20,000 as crypto selloff quickens
The price of bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. NEW YORK — The price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is…
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What’s a Bear Market?
A 16th-century proverb advises: “It’s unwise to sell a bear’s skin before catching it.” That’s one of the stories used to explain why, in modern times, Wall Street types call someone who sells a stock expecting its price to drop a “bear.” It follows that a market in which securities or commodities are persistently declining in…
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The 6 Best New Cryptocurrencies to Invest in May 2022
The crypto market may be entering a new ‘crypto winter.’ But after every past bear market, cryptocurrencies have come roaring back stronger than ever. That’s why aggressive investors should be looking for opportunities and take well researched decisions to buy while the market is down. In this guide, we’ll show you the 6 best new cryptocurrencies…
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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…