Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets
The asset is nearing a price level not seen since 2020 as prominent crypto firms see possible insolvencies.
First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle
The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve; bitcoin and ether are down in Tuesday trading.
Market Wrap: BTC Tumbles Further Ahead of Fed Meeting; Extreme Fear Among Traders
Bitcoin hovered around $22,000, down about 5% over the past 24 hours.
Con la caída del mercado, El Salvador registra pérdidas por $52 millones en tenencias de bitcoin
El país ha invertido $104 millones en bitcoin desde que esa criptomoneda se convirtió en moneda de curso legal, en septiembre.
MicroStrategy Defended at BTIG; Saylor Not Expecting Imminent Margin Call
With bitcoin (BTC) prices falling, some question whether MicroStrategy (MSTR) may have to part with or pledge as collateral more of its 129,218 coin stack. "The Hash" discusses the outlook for MicroStrategy as CEO Michael Saylor told the Wall Street Journal, "we don’t expect to receive a margin call."
Gensler Warns About Crypto Lenders’ High-Yield Products as BTC Plunges
U.S. Securities and Exchange Commission Chair Gary Gensler reiterated his warning to investors about cryptocurrency protocols offering high-yield returns as crypto lending application Celsius Network froze withdrawals and bitcoin’s price plummeted. “The Hash” group discusses regulatory enforcement in the digital asset space and draws comparisons to BlockFi’s services.
El Salvador Loses Half of BTC Investment as Market Plummets, Official Defends Country’s Bitcoin Strategy
El Salvador’s Finance Minister Alejandro Zelaya stated that bitcoin’s recent price plummet will only have an “extremely minimal” impact on the country’s economy. “The Hash” group discusses El Salvador’s financial relationships with institutions like the International Monetary Fund (IMF) and criticism the Latin American country may face for its pro-bitcoin policy.
With Market Crash, El Salvador Is Down $52M on Its Bitcoin Bet
The country has made $104 million in investments in the cryptocurrency since it made bitcoin legal tender last September.
Crypto Market Slumps; USDD Depegging Fears
Tron founder Justin Sun steps in as USDD stablecoin loses its dollar parity. Microstrategy shares plunge as bitcoin freefalls. Binance resumes withdrawals on Bitcoin network after a temporary pause. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”