Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far.Crypto in a snap Bitcoin... Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday.
Some analysts said the brief “decoupling” was in part because some technology stock investors, who had also been trading crypto as a speculative asset, have paused their activity in the space, as the collapse of Terra shook their confidence in the digital asset market. Bitcoin’s recent volatility is much lower than its average during the past four years, while the volatility of the S&P 500 index and Nasdaq is elevated compared to historical levels.
The layoffs were a part of an assessment of the business amid “turbulent market conditions that are likely to persist for some time,” they said.