The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...
Tag: Bitcoin USD
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
Bill Gates slams cryptos, NFTs as ‘100% based on greater fool theory’
“You have an asset class that’s 100% based on some sort of greater fool theory that somebody’s going to pay more for it than I do…” That was Microsoft MSFT, +1.40% co-founder Bill Gates delivering his...
Bitcoin down 70% from all-time high. Why is crypto market crashing?
Cryptocurrencies have been crashing. Bitcoin BTCUSD, -3.21% plunged to as low as $20,834 late Monday, the lowest level since December 2020 and down about 70% from its all-time high in November. The No...
Binance resumes bitcoin withdrawals as crypto prices crater
The world’s largest cryptocurrency exchange, Binance, resumed withdrawals of bitcoin after it instituted a “temporary pause” Monday morning that latest several hours, the company said. Binance founder...
Bitcoin tumbles through $24,000 in crypto crash. This chart shows how much worse a selloff could get.
Cryptocurrencies kicked off a new week with deep losses, extending weekend selling following surprisingly high U.S. inflation data and troubles for a major cryptocurrency exchange. Bitcoin BTCUSD, -1...
Dow futures slump nearly 600 points as second day of selling in store after inflation shock
U.S. stock futures looked set to break below the lows of May, as financial markets continue to reel from a surprise acceleration in inflation just days ahead of a Federal Reserve interest-rate decisio...
Bitcoin Slips Below $25,000 as Celsius and Fed Batter Confidence
Text size Bitcoin has been hurt by a loss of confidence sparked by interest-rate hikes and problems at Celsius, one of the biggest crypto lenders. Paul Yeung/Bloomberg Bitcoin, the largest cryptocurre...
Cryptocurrency selloff extends through the weekend after Friday’s hot inflation reading
Bitcoin and other cryptocurrencies tumbled on Sunday as losses for the asset class built over the weekend following U.S. data that showed persistent inflation pressures. Bitcoin BTCUSD, -1.93% dropped...
Ethereum close to its major upgrade, but why has it fallen more than bitcoin?
This article has been updated to correct the identification of Citadel Securities. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m w...
‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase, and are now unemployed
When Hao Jia received an email from Coinbase that his job offer had been rescinded, he was on his way to watch “Top Gun: Maverick,” the blockbuster movie starring Tom Cruise. Jia’s girlfriend had aske...
Here’s how much money you would have lost if you bought a Bored Ape Yacht Club NFT a month ago
When the crypto market was generally sluggish over the first quarter, some investors turned to nonfungible tokens, or NFTs, which outperformed most other digital assets at the time, in search of a hav...
Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest an...
Dow books 4th day of gains, stocks rally after Fed minutes signal flexibility on interest rate hikes
Stocks closed higher Wednesday as investors took away a message of flexibility from the release of minutes of the early May Federal Reserve meeting about its path to higher interest rates. How did sto...
In a ‘baby with the bathwater’ market, here are a dozen unfairly punished stocks, ripe for a bounce
Another equity selloff is brewing as a warning from Snapchat’s parent has triggered broader panic, with fears Snap is the next canary in the coal mine for tech. Or it just may be another excuse to sel...
Bitcoin ‘not going to take over as an alternative form of money’: Ben Bernanke
Ben Bernanke, former chairman of the Federal Reserve, said that he doesn’t think bitcoin would take over “as an alternative form of money.” Bitcoin BTCUSD, +0.50% and other cryptocurrencies have bee...
Bitcoin and Ether Prices Drop in Weekend Slump
Text size Bitcoin has lost 58% since its November 2021 peak near $69,000. Dreamstime Cryptocurrency investors are getting no rest on Saturday, as digital assets resumed their decline after a midweek r...
Bitcoin Is Finally Breaking. Why That’s Good News for the Stock Market.
Text size Bitcoin, Ether, and other cryptos have plunged in the past week. Stocks have suffered, too. Dreamstime A cryptocurrency crash has already wiped out $600 billion in digital asset market value...
Retirees Face a Whirlwind Market. Here’s What Advisors Say They Should Do.
Given market conditions, retirees can be forgiven if they feel that investing right now is akin to running with scissors. Risks and uncertainties abound: spiking inflation, Federal Reserve rate hikes ...
Bitcoin Keeps Plunging With No Sign of Stopping. Where the Bottom May Be.
Cryptocurrency prices tumbled over the weekend and into Monday, with Bitcoin nearing a yearly low as investors continued to dump risky assets amid a tough stock market and challenging macroeconomic ba...
What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.
Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move t...
The bond market has crashed. Why one strategist says embrace the pain and get back in.
Investors are more or less trained to think about assets in stock-market terms. That is, a correction is a 10% drop from its peak, and a bear market is 20% drop, etc. But not all assets are equal. In ...
Bitcoin Prices Fall as Crypto Market Slammed by Hawkish Fed Expectations
Bitcoin and other cryptocurrencies dropped Monday as expectations that the Federal Reserve will move aggressively to tighten monetary policy continued to rock the digital asset space. Bitcoin fell mor...
‘The Fed always screws up.’ This forecaster sees inflation peaking and U.S. stocks in a bear market by summer
Keith McCullough, founder and CEO of Hedgeye Risk Management, has been bullish on gold, silver and utilities since the start of the year, when his investment-research firm’s economic models turned bea...
Nvidia Stock Gains on Upgrade. Ethereum Won’t Crash It the Way Bitcoin Did.
Text size Gamers compete at the ‘Nvidia’ booth during the Electronic Entertainment Expo E3 in Los Angeles. Christian Petersen/Getty Images Nvidia stock was rising Wednesday after it receiv...
Stocks Nearly Entered a Bear Market. What History Says Happens Next.
Text size Everything in the markets seemed on the verge of collapse this week. NYSE It’s the moment of truth for stocks—and investors might not enjoy what comes next. For a moment this past week, the ...