News Formal

Crypto assets bleed more than $1 trillion of their market value in one month

  • 📰 7NewsAustralia
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Crypto assets bled nearly $US800 billion ($A1.15 trillion) in market value over the past month, touching a low of $US1.4 trillion yesterday. 7NEWS

, which makes up nearly 40 per cent of the crypto market, hit a 10-month low earlier on Tuesday, before rebounding to $US31,450, just six days after touching $US40,000.Digital asset prices have slumped, mirroring a plunge in equities on fears of aggressive interest rate hikes across the globe to stave off decades-high inflation.The tech-heavy Nasdaq was down 28 per cent from its November 2021 record high.

“Bitcoin remains highly correlated to the broader economic conditions, which suggests the road ahead may unfortunately be a rocky one, at least for the time being,” blockchain data provider Glassnode said in a note.TerraUSD, the world’s fourth-largest stablecoin, lost a third of its value on Tuesday as it lost its peg to the dollar.Getty Images

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Nothing from nothing leaves nothing

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Crypto companies most bruised in shares sell-offShares in Coinbase Global have lost four-fifths of their value from a peak in November as companies linked to cryptocurrencies tumble. 😂😂😂
Källa: FinancialReview - 🏆 2. / 90 Läs mer »

Fed warns of worsening market liquidityThe US central bank issued the warning in its report about liquidity, the ability to buy or sell an asset without influencing the price, following several frenzied months in US markets.
Källa: FinancialReview - 🏆 2. / 90 Läs mer »