Oct 3 - The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks.
The cryptocurrency was riding high in 2021, hitting a record $69,000 in November that year. But as central banks began to hike rates in early 2022, riskier assets like cryptocurrencies began to feel the pain as investors sought better returns elsewhere. Still, bitcoin has regained almost three-quarters of its value this year on interest from major financial firms including BlackRock and hopes that interest rate hikes are ending. It was trading on Monday at around $28,089.
"The issues with FTX have undoubtedly hit confidence in the crypto ecosystem at large," said Usman Ahmad, CEO of Zodia Markets, the crypto exchange of global bank Standard Chartered .Yet the relative calm in crypto markets is not necessarily a good thing, said some market participants, noting that many investors are attracted to crypto precisely because of its volatility, which offers opportunities to make quick profits.
U.S. VC crypto investments totaled $6.12 billion in the first quarter of 2022, but slumped to just $870 million in the same quarter this year, according to data firm PitchBook.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The crypto market still bears the scars of FTX's collapseThe global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices, volumes and venture capital investment well below their 2021 peaks. Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange's abrupt collapse in November 2022. FTX was one in a series of industry meltdowns that sent bitcoin crashing to its lowest price since 2020.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
In the Market: US bond market signals the end of an eraThe U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. The market's view has come into sharp focus in recent days amid a dramatic run-up in 10-year Treasury yields that hit 16-year highs. Behind that move is a bet that the disinflationary forces the Federal Reserve fought with its easy money policies in the aftermath of the financial crisis have abated, according to investors and a regularly updated New York Fed model based on yields.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
In the Market: US bond market signals the end of an eraBy Paritosh Bansal (Reuters) - The U.S. bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial ...
La source: SaltWire Network - 🏆 45. / 63 Lire la suite »
Stock market today: Most of Wall Street slips as the bond market cranks up the pressureMost stocks are drifting lower Monday as the constrictor of higher interest rates tightens its coils around Wall Street.
La source: CTVNews - 🏆 1. / 99 Lire la suite »
Prairie Grid Dinner & Market event | Watch News Videos OnlineWatch Prairie Grid Dinner & Market event Video Online, on GlobalNews.ca
La source: GlobalCalgary - 🏆 50. / 61 Lire la suite »
Stocks sink as bond yields surge: Stock market news todayThe Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »