SAN SALVADOR, El Salvador — El Salvador’s bitcoin-boosting president has asked people to be patient after the price of the cryptocurrency fell below $20,000 — less than half the price the government paid. According to the tracking site nayibtracker.com, El Salvador under President Nayib Bukele’s administration has spent about $105...
Image Source : PTI Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter Highlights Global market cap of cryptocurrencies sank below $850 bn, which recently hovered over $1 trillion The second-largest Ethereum cryptocurrency fell below $1,000 on Sunday Sunday’s value was down nearly 80 per cent since its...
Jesse Powell, co-founder and chief executive at crypto exchange Kraken, has responded to a recent New York Times article that said he started a “culture war” within the company as he questioned the use of preferred pronouns, debated who could use racial slurs and called American women “brainwashed.” The controversy...
Signature Bank shares have now lost nearly half their value in 2022 as its exposure to free-falling cryptocurrencies continues to weigh on the S&P 500 component. Signature Bank SBNY, +2.91% joined the S&P 500 in December and has fallen as much as 48% this year through Thursday, compared with a...
The S&P 500 index plunged 23.6% from its closing high on Jan. 4 through June 16. The damage have been broad — on June 16, 97% of stocks in the benchmark index were down, with more than a third dropping at least 5%. A bear market is no fun to...
Digital asset markets continued to crater Wednesday, with the price of bitcoin BTCUSD, -5.59% testing psychologically significant level of $20,000 — and there is little sign of respite for weary crypto traders. Here are 4 signs that more trouble is to coming for crypto markets: 1. Rumors swirled over potential...
