Bitcoin closes June down 40% and below $ 20k as markets see recession fears, contagion risks

(Kitco News) The world’s largest cryptocurrency is down 40% in June, ending the month below its key level of $ 20,000. The markets are downbeat as the focus shifts to rising recession fears and more contagion risks in the crypto space. Bitcoin touched a low of $ 18,917 on Thursday, with … Read more

Shares, property, bonds, cryptocurrencies face major falls, Australian Office of Financial Management CEO warns

A senior public servant has warned of the potential for significant falls on asset markets in the months ahead. Key points: Rob Nicholl says low interest rates and money-printing programs have boosted asset prices over the past decade He says their end will lead to “significant” falls in the value of shares, property, bonds and … Read more

‘Fat Finger’ Errors or Bad Investments? Here Are 10 NFTs That Were Sold at a Substantial Loss as Crypto Markets Have Cooled

We hear a lot about major NFT sales where the prices go up and the seller makes lots of money. But in the past few months, many NFTs have sold for way less than what they were bought for. The crypto markets have plummeted, taking NFT sales down with them. But in contrast to fungible … Read more

Survivors of 2022 crypto crash could be the new Amazons and eBays – BOE

(Kitco News) The companies that survive the 2022 crypto crash could become the new Amazons and eBays of the world, said Bank of England Deputy Governor Jon Cunliffe. There are similarities between the dotcom collapse of 2000 and this year’s crypto price meltdown, Cunliffe said at the Point Zero Forum in … Read more

‘It’s Probably Gonna Be a Huge Cry Fest’: Plunging Crypto Markets Cast a Shadow Over the Opening of the World’s Largest NFT Conference

The fourth annual NFT.NYC conference kicked off today with 1,500 speakers putting their shiny new NFT collectibles up for display. The speakers are going on stage at a time when crypto markets are crashing hard — Bitcoin and Ether have both lost more than 70 percent of their value since November. Media headlines are filled … Read more

Crypto weekend meltdown: Bitcoin price touches $ 17k, Ethereum below $ 900 as renewed selloff sends prices spiraling

(Kitco News) The crypto space faced another sharp selloff over the weekend as Bitcoin plunged below $ 18,000 and Ethereum dropped below $ 900. The overall crypto market cap plummeted to $ 847 billion, down nearly 10% on the day. Bitcoin touched $ 17,677, the lowest level since November 2020, and … Read more

Bear Market: Bull markets led to exuberance in crypto, bear markets will mature it: Ashish Singhal, CoinSwitch

“It’s worth noting there’s a flight towards quality crypto in the market. The Bitcoin dominance has climbed to 45%, suggesting investors have moved capital from lesser-known coins to quality crypto, ”says Ashish Singhal, Co-founder and CEO, CoinSwitch The crypto market, with no doubts, is in a tight bear grip. How do you see this phase … Read more

Bitcoin falls, Celsius insolvency risk grows, and parallels to the 2008 recession: CNBC Crypto World – CNBC Television

Bitcoin falls, Celsius insolvency risk grows, and parallels to the 2008 recession: CNBC Crypto WorldCNBC Television

Coinbase cuts 18% of workforce and bitcoin briefly falls to $ 20000: CNBC Crypto World – CNBC Television

Coinbase cuts 18% of workforce and bitcoin briefly falls to $ 20000: CNBC Crypto WorldCNBC Television Coinbase lays off 18% of workforce as executives prepare for recession and ‘crypto winter’CNBC Coinbase, Crypto Layoffs Are Following The Dot-Com Bust ScriptBloomberg Coinbase, founded in San Francisco, grapples with internal crisis as 1,100 employees laid offSFGATE View Full … Read more