A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking website CoinMarketCap.
The broad plunge in the crypto complex, driven by the collapse of the TerraUSD stablecoin, hit major tokens hard. Bitcoin plunged by as much as 10% in the last day to its lowest level since Dec. 2020, while Ethereum dropped as much as 16%. The carnage showed signs of spreading further Thursday as crypto-related stocks in Asia also cratered. Hong Kong-listed fintech firm BC Technology Group Ltd closed down 6.7%.
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE shakes off US inflation reportInvestors take comfort in slower annual price increases, but the Fed will be keeping an eye on the core price measure, which rose 0.6% in April faster its 0.3% increase in March
Source: BDliveSA - 🏆 12. / 63 Read more »
Fortunes of crypto billionaires nosedive in market sell-off‘No risk of bankruptcy’, says Coinbase Global CEO Brian Armstrong as wealth dives
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE breaks five-day losing streakBut analysts warn that volatility is likely for the time being as risks stemming from slowing economic growth as China grapples with Covid-19, global supply-chain difficulties and the effects of the war in Ukraine remain elevated I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: SABCNews - 🏆 37. / 51 Read more »