Cryptocurrencies nursed large losses on Friday, with bitcoin set for a record losing streak as the collapse of TerraUSD rippled through markets.
Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies.
Bitcoin is tipped to extend losses as investors shy away from risk assets amid a reassessment of the pace and magnitude at which the US is set to tighten policy.
Sometime later this year, ethereum is set to make the biggest change in its near-decade history. The most important commercial highway in crypto is about to be completely repaved.
Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27% since Russia’s invasion of Ukraine.
Crypto assets are advanced tools of globalisation that work in complex, well-functioning markets. They’re not protections against the depredations of hostile governments.
Vitalik Buterin, co-founder of the ethereum blockchain, says the digital-asset universe may actually benefit from the current retreat in coin…
The crypto market has been in recovery mode in recent sessions, posting institutional inflows of $85-million last week.
Consumers and businesses are increasingly starting to use digital tokens other than bitcoin for purchases, according to BitPay.
Bitcoin continued its drop on Friday, falling below $42 000 to levels not seen since September.