(Bloomberg) — Goldman Sachs Group Inc. analysts downgraded Coinbase Global Inc. to a sell rating as the crypto winter continues to take its toll on the struggling digital currency exchange. Most...
Tag: Rout
Bitcoin, Ethereum Recover Following Market Rout, But Caution Remains
Analysts are cautioning that the recent crypto market rebound led by Bitcoin and Ethereum might be brief, citing as reasons that the overall tone remains negative given the current macro headwinds and...
Bitcoin Bounces After Rout But Vibe Is Still ‘Strongly Negative’
(Bloomberg) — Bitcoin snapped a 12-day slide, bouncing along with the rest of the cryptocurrency market after a record-breaking string of declines. Analysts cautioned the respite may be brief. M...
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’ – Bitcoin News
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsi...
Bitcoin slumps below $20,000 as cryptocurrency rout rolls on
Bitcoin traded below $20,000 on Saturday, extending the slide that has wiped out trillions in market value from cryptocurrencies. Bitcoin BTCUSD, -7.07% traded down 8% to $19,029, extending a slide fr...
In Prevalence of Selling, This Is a Market Rout Without Equal
(Bloomberg) — You can look but you won’t find a stretch of futility as pervasive as the one that is landing on Wall Street. Most Read from Bloomberg Even in the long and storied history of marke...
Goldman Buyback Desk Was Flooded With Orders During Stock Rout
(Bloomberg) — While hedge funds were busy bailing from stocks at a record pace as the S&P 500 plunged into a bear market, Corporate America was furiously buying. Most Read from Bloomberg As ...
Bitcoin Rout Hits ‘Darkest’ Phase With Entire Market Underwater
(Bloomberg) — The bear market for Bitcoin has entered its “deepest and darkest” phase, with even long-term holders who had toughed it out until now coming under extreme pressure. Most Read from ...
Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving – Coinotizia
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains un...
Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving – Mining Bitcoin News
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains un...
Market Rout Evokes Memories of Trading Before Lehman Blowup
(Bloomberg) — Quincy Krosby couldn’t wait for Monday’s trading session to be over. Most Read from Bloomberg “I was glued to the screen,” LPL Financial’s chief equity strategist said in an interv...
U.S. Stock Futures Up After Monday’s Market Rout
Topline U.S. stock futures were up early on Tuesday morning, signaling a mild recovery, a day after a rout pushed the S&P 500 into bear market territory amid fears that the Federal Reserve will an...
USDD Stablecoin Loses Its Peg As Crypto Market Rout Continues – crypto.news
The week began on a wrong footing for the crypto market as the market’s bleeding continued after a brief stop. Due to the extreme market situation, withdrawals for some tokens were halted, as reported...
Crypto.com, BlockFi to Cut Over 400 Jobs Amid Market Rout
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Crypto market cap falls below $1 trillion as rout continues
Once an almost $3 trillion market cap back in mid-November of last year, the current crypto market cap has just fallen under $1trillion. Bitcoin is leading the way, but alts are getting slaughtered. T...
Ethereum Collapses 24% in Weekend Rout as Staked Assets Drop Pegs
Key Insights: Ethereum has fallen below its 2018 peak price. Some staked ETH assets have dropped their pegs. Gloomy predictions ahead for ETH prices. Ethereum prices are still tanking during the Monda...
If You Thought the Tech Rout Was Bad, Spare a Dime for Retailers
(Bloomberg) — For all that the slump in technology stocks has headlined a treacherous year for global equity markets, there’s one sector that’s faring even worse. Most Read from Bloomberg The MS...
Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout – Defi Bitcoin News
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suff...
Crypto Weekly Review June 5 – A Bullish Sunday Would End the BTC Rout
Key Insights: After a series of heavy weekly losses, it was a mixed week for bitcoin (BTC) and the broader crypto market. Regulatory chatter and market angst over Fed monetary policy pegged the market...
Kohl’s Stock Rises on Takeover Bids. The Offers Show Scars of the Retail Rout.
Text size *** ONE-TIME USE *** The Kohl’s logo is displayed on the exterior of a Kohl’s store on Jan. 24, 2022 in San Rafael, California. Justin Sullivan/Getty Images Kohl’s stock rose Fri...
Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%
Lewis kept his buy rating on all four mining stocks he covers – Riot Blockchain (RIOT), CleanSpark (CLSK), Core Scientific (CORZ) and Marathon Digital (MARA) – and remains optimistic about the longer-...
Crypto Firms, Especially Exchanges, Slash Jobs as Market Rout Continues
Going forward, crypto companies with valid use cases and utility are the ones that will best survive, according to Nicholas Strange, founder of Seattle-based hiring firm Crypto Talent. Many crypto fir...
BTC/USD Sinks to 28000 in Latest Rout: Sally Ho’s Technical Analysis 28 May 2022 BTC
Bitcoin (BTC/USD) continued to gradually weaken early in the Asian session as the pair again traded below the psychologically-important 30000 figure and traded as low as the 28000 figure, representing...
Ether leads altcoin rout with $520m in liquidations
For most things in crypto, it’s an all-red sea, with Ether, Solana, and Avalanche cryptocurrencies taking a beating. Traders are confused, but the indications of a lack of demand for Ethereum have bee...
After $5 Trillion Rout, Emerging Markets Seek Turnaround Signal
(Bloomberg) — The wreckage of a $5 trillion rout in emerging markets is starting to look like a buying opportunity to some intrepid investors. Most Read from Bloomberg The pain points are all to...
Consider bullish Take-Two Interactive and Electronic Arts amid tech rout?
Tech stocks have been hit hard this year, with Nasdaq-100 down more than 26% year-to-date. Take-two Interactive Software, Inc. (NASDAQ:TTWO) and Electronic Arts Inc. (NASDAQ:EA) are showing recoveries...
Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report
In its first-quarter earnings report, Coinbase reported lower-than-expected revenues, and a quarterly net loss of $430 million, compared with a profit of $840 million in the fourth quarter of 2021. Th...
Crypto Rout: Another Stablecoin Falls After UST and Luna
Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catc...