FAQ?
What is happening with Crypto?
The crypto collapse is also hurting several stocks with exposure to the industry. Broker Coinbase plummeted 17% Monday and is down more than 65% this year. Robinhood, which also lets people buy and sell some cryptocurrencies, has fallen more than 45% in 2022.
What is happening to the crypto market?
Yet again the cryptocurrency market has opened this week on a bearish note. Since the start of 2022, the crypto market has been volatile and the March rally and the crash that the crypto market is experiencing in the past few weeks, have put the market under pressure.
Why is Crypto down now?
The crypto markets appear to be undergoing a bit of a fire sale right now. And if you’re a recent investor, you might just be seeing red right now. But either way, a whole lot of folks are asking, “Why are all cryptos down?” Well, the major catalyst appears to be the release of the minutes from the Federal Reserve Board’s meeting in December. The news that the Fed plans to wind down the measures employed to prop up the economy during the pandemic spooked investors.
What is happening in crypto?
There are now over 15,000 cryptocurrencies on the market. Meanwhile, the growth of DeFi and smart contracts is accelerating. These technologies will become part of a global financial platform that could eventually challenge mainstream institutions.
Crypto: BlockFi files for bankruptcy on the heels of FTX collapse
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Mobius Capital co-founder expects bitcoin to fall to $10,000, BlockFi files for Chapter 11
5:04 - 2 months ago
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