In the wake of recent news around cryptocurrency exchange FTX, not only has the crypto industry’s image taken a hit, but crypto-linked equities have reportedly lost $10 billion in value. Many crypto-linked stocks tumbled this week as investors were rattled by the news of FTX’s...
Bitcoin’s been on a roller coaster this week, bouncing above and below $20,000, a price that is a line in the sand for the first and biggest cryptocurrency. It’s a psychological barrier rather than one that has intrinsic importance; $ 20,000 was the line bitcoin...
Supply and demand is the cornerstone of economics. No matter the good or the service, where there is a scarcity of supply amid strong demand, there are higher prices. It should follow, then, that scarcity of bitcoin due to China’s crackdown on more than half...
With a market value of $323 billion according data from cryptocurrency tracker CoinMarketCap, the crypto market is attracting a wealth of new, prominent investors and traders, according to Nairametrics. The world of digital coins is swelling as of late, due to the total market capitalizations...
March 09, 2023
Investors’ concerns about banks’ unrealized losses on securities caused financial stocks to plunge Thursday. Compared to the previous day, JPMorgan’s market value dropped by $22 billion, Bank of America’s by $16 billion, Wells Fargo’s by $10 billion and Citigroup’s by $4 billion — meaning the top four U.S. banks lost a combined $52 billion of […]
November 09, 2022
In the wake of recent news around cryptocurrency exchange FTX, not only has the crypto industry’s image taken a hit, but crypto-linked equities have reportedly lost $10 billion in value. ...
July 29, 2020
With a market value of $323 billion according data from cryptocurrency tracker CoinMarketCap, the crypto market is attracting a wealth of new, prominent investors and traders, according to Nairametrics. The...
January 31, 2020
Analysts believe that both Visa and Mastercard have potential to join tech giants like Apple and Amazon in the $1 trillion value club, according to a report by Reuters. Both...
