Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped...
Legacy investors often say BTC, ETH and altcoin volatility is too high to warrant a sound investment, but many major corporations have seen even larger drawdowns in their stock prices in 2022. Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks with similar, if not worse, performances. The sharp volatility witnessed in crypto prices is partially driven by major centralized yield and lending platforms becoming insolvent, Three Arrows Capital’s....
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BTC is up almost 50% this year overall, brushing aside corrections and increasingly decoupling from the macro environment in Q4. Bitcoin (BTC) is officially the best-performing asset of 2021, data now confirms. As October delivers 15% gains in five days, BTC firmly outperforms macro assets worldwide to seal year-to-date returns of just under 50%.Bitcoin hodlers up 49% year-to-dateDespite Bitcoin’s wild ride throughout the year, downside has failed to grip the market, with a 60% retracement from highs in May now all but cancelled out.The largest cryptocurrency is thus at least 13% ahead of....
Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open. Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies to fall alongside Bitcoin, resulting in Bitcoin's market dominance rising as a result. But will history repeat and produce a dull, corrective March?....
Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large drops seen across stock markets on Monday morning, as equities have significantly decreased in value. Crypto Markets Follow Monday’s Stock Market Rout, Entire Crypto Market Cap Sheds Over 3% Bitcoin dropped to a low of $30,400 on July 19, losing approximately 8.64% during the last week as....
BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments. When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee (FOMC) meeting, which starts on Dec. 15.Investors are afraid that the Federal Reserve will eventually....
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestop shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number of cryptocurrency advocates believe the only true way to stick it to the bankers and Wall Street is to leverage digital assets like bitcoin. Reddit’s Favorite Stocks Begin to Feel Pain Last week, news.Bitcoin.com published numerous reports on the fiasco that started on the Reddit forum....