According to data compiled by Bloomberg, Coinbase was recommended a “buy” by no less than 22 analysts, while 5 gave it a “hold” and only 4 recommended a “sell.”
Even though the worst markets are supposed to have havens, it’s increasingly apparent that this one doesn’t.
The dollar is powering a slowdown in the global economy that would take the U.S. down along with it.
According to data from CoinMarketCap, a whopping US$200 billion of market cap was wiped out in just 24 hours from digital assets.
According to data from CoinMarketCap, a whopping US$200 billion of market cap was wiped out in just 24 hours from digital assets.
Earlier this week, as key indices such as the S&P 500 and Nasdaq Composite tanked, marquee meme names such as GameStop (+10.12%) and AMC Entertainment (+8.06%) shocked observers by staging…
It’s probably safe to say that that dreaded season for digital assets has finally arrived and no, it’s not because of the price of Bitcoin.
The surprise inflation numbers surprised markets in a bad way and sparked a sharp selloff in bonds and equities, led primarily by tech.
UST lost its peg, plunging to as low as US$0.67 at one stage before retracing to US$0.80 – hardly the stuff of stability and adding a dose of irony to…
Looking at the data, it’s not as if the entire stock market is in capitulation mode – just its most frothy components and that appears to be driven by valuation.