TerraUSD and Luna’s demise cause a $40 billion crash and left many without savings. Do Kwon, the South Korean entrepreneur, apparently hyped the Luna and TerraUSD crypto coins to such a point that even the venture capitalist firms that were investing in the beginning decided to cash out before the coins both sank. Speaking to the […]
As US stock markets continue their slide, we take a closer look at technology stocks related to crypto. Today we discuss Coinbase. Last year in April, Bitcoin surged on the news of the Coinbase IPO. The biggest American crypto exchange was to be introduced to the stock market and digital coins would finally go mainstream. The New […]
Praise should be given when it is deserved, even if one is reluctant to give it, is the best known explanation of the proverb credit where credit is due (though I personally prefer render to Caesar the things that are Caesar’s). And so we must above all admit that CryptoWhale, the bearish crypto influencer who […]
There’s a first time for everything, even disaster you didn’t think were possible (as the famous James Franco meme is set to remind us). Multiple traders are feeling positive and upbeat again after seeing Bitcoin close another red candle for the week. That marks the first 7-week losing streak since Bitcoin’s inception in 2008 they say, and […]
Bitcoin, crypto and tech stocks have fallen double digit percentages from their all-time-high. Although you mostly only hear about a ‘crypto crash’ in the MSM, it is clear this is a tech crash as well. Peloton has lost 91% since it’s ATH, Zoom 83%, Paypal 74%, just like Netflix. https://twitter.com/michaelbatnick/status/1525593849439129603 To see what to do, […]
Bitcoin closed off a week from hell with a price around $29k. Traders are now seeking where support levels are sustainable so that a new leg up can be tried in the near future. According to Sam Rule en Dylan Leclair, the new floor should be found around $24k. They stated: The key on-chain price […]
Back in March of 2008, the global stock markets didn’t really stop in their tracks when Bear Stearns collapsed. The fact that then Daily Show host Jon Stewart made a segment laughing at Jim Cramer was enough for a wry smile but then it was back to business. More comfortable at $2 As Stewart notes […]
The conditions on global markets, geopolitical pressure and the fallout of the Terra collapse caused a crypto crash yesterday which saw many of the biggest digital currencies post double digit percentage losses. This morning, most of them are rebounding from those lows. The mechanism of algorithmically-governed stablecoins like UST makes them susceptible to the colloquial […]
Panic, capitulation and utter fear took hold of those having the crypto coin Terra in their portfolio yesterday. The blockchain protocol, until recently trading in the top 10 on CoinMarketCap, lost most of it’s value right after it’s very own stablecoin UST lost its peg to the United States dollar. Rumors are circulating that a […]
As markets ready themselves for a possible relief rally in the coming days (both in stocks and crypto) it’s time to take a look at all the damage that’s been done. Big tech and crypto now trade in tandem, and so crypto stocks are also suffering. MicroStrategy, led by Michael Saylor, dropped some 60 per […]
