Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days ... ( read original story ...)
Stocks fall in third day of downturn; Bitcoin drops 10.5%
Stocks fell broadly in afternoon trading Wednesday as the market's downturn entered a third day. Meanwhile the price of Bitcoin and other cryptocurrencies dropped sharply. ( read original story ...)
Crypto Billionaires Have Lost $15.5 Billion In Nine Days Amid Crash
Fried, the 29-year-old founder of quantitative crypto trading firm Alameda Research. A former Wall Street trader, Bankman-Fried was worth $16.7 billion at Bitcoin’s peak on May 10, but is now down to ... ( read original story ...)
Jim Cramer bets stocks will gain from the collapse in crypto, speculative assets
"We need to accept the beatdown in speculative assets for the greater good of the entire stock market," the "Mad Money" host said. ( read original story ...)
Crypto strategist sees pullback in bitcoin and ether as a healthy sign after massive rallies
There "still was a lot of leverage, so this correction we've seen is healthy. A pullback is normal in crypto," Meltem Demirors told CNBC Wednesday. ( read original story ...)
Crypto Investors Fume as World’s Biggest Platforms Are Disrupted
The world’s biggest crypto-trading platforms were hit by disruptions as digital currencies from Bitcoin to Ethereum slid in a collapse that wiped out billions of dollars in market value. ( read original story ...)
Why China crypto crackdown sparked a bitcoin crash — and could feed a backlash
China's move to restrict crypto activity may have helped spark a broad selloff for digital assets. But the move, which appears aimed at bolstering ... ( read original story ...)
Bitcoin falls further as China cracks down on crypto-currencies
It follows falls in Bitcoin of more than 10% last week after Tesla said it would no longer accept the currency. On Wednesday afternoon, Bitcoin recovered some ground, although it was still down -10.4% ... ( read original story ...)
Stocks fall after Fed minutes, crypto chaos
Stocks dropped Wednesday for a third straight day as inflation fears kept investors on edge.By the closing bell: The Dow was down 164 points. The S&P gave up 12. The Nasdaq slipped 3.Minutes from the ... ( read original story ...)
Japan April exports jump 38% year/year – MOF
Japan's exports surged 38.0% in April from a year earlier, Ministry of Finance data showed on Thursday, pointing to solid recovery in overseas demand. The rise compared with a 30.9% increase expected ... ( read original story ...)
Bitcoin plunges below $40,000 as China widens its crypto crackdown
Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins. ( read original story ...)
What the Heck Is Hodl? Bitcoin Lingo for Crypto Noobs
Bitcoin’s been in the limelight for months but a frenzied crash and subsequent mini snap-back in its price in the course of a single day in May was remarkable even by its own volatile standards. The ... ( read original story ...)
As ‘extreme fear’ grips bitcoin market, here’s what analysts say new investors should do amid crypto rout
Crypto markets are in the midst of a substantial selloff that has shaken the conviction of some new investors in the nascent sector. Here's what some ... ( read original story ...)
Crypto-linked stocks plummet amid massive sell-offs in bitcoin and ethereum
All of the top 10 cryptocurrencies by market cap, except the stable coin Tether, fell by double digits on Wednesday in a crypto rout. ( read original story ...)
Crypto bull Mike Novogratz calls bitcoin plunge a ‘liquidation event,’ feels like capitulation
Mike Novogratz, a major cryptocurrency investor, told CNBC on Wednesday that the breakdown in bitcoin won't be fixed quickly. ( read original story ...)
Stocks fall for a 3rd day; Bitcoin sinks after a wild ride
Stocks closed broadly lower on Wall Street Wednesday, extending the market’s downturn to a third day. The price of Bitcoin and other cryptocurrencies dropped sharply in a surge of selling. ( read original story ...)