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.
Over the weekend, a swift selloff in both UST and Bitcoin saw the UST’s peg slip to its lowest level in almost a year,
The 60/40 portfolio management theory has come under pressure as both stocks and bonds have been hammered in the wake of the U.S. Federal Reserve’s 50-basis-point rate hike
Sliding for the seventh session in eight days, the weekends are particularly brutal for cryptocurrencies, given diminished volumes can see sharp advances as easily as steep declines.
