Bitcoin’s Ferocious Selloff Pauses as Crypto Enjoys and Bounce

(Bloomberg) – Bitcoin snapped a 12-day slide, taking a breather to bounce along with the rest of the cryptocurrency market after a record-breaking string of declines. Analysts cautioned the respite may be brief. The world’s largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that … Read more

Bitcoin Breaks From Stocks and Keeps On Falling as Crypto Slides

(Bloomberg) – Crypto had another bad week – and it may only get weirder. Bitcoin led a decline in digital assets across the entire crypto spectrum, with the world’s largest token set for an eighth straight weekly loss in its longest such slump since August 2011. Bitcoin fell about 2.2% on Friday to $ 28,800 … Read more

Terra’s $ 45 Billion Face Plant Creates a Crowd of Crypto Losers

(Bloomberg) – This week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto. First, there’s the immediate impact: The rapid collapse of a once-popular pair of cryptocurrencies sent a ripple effect across the industry, contributing to plummeting coin prices that wiped hundreds of billions of market value … Read more

Coinbase Melts Down Even As Wall Street Is Bullish On Prospects

Large investors have also continued to pile in. Coinbase’s third largest investor, Cathie Wood’s Ark Investment Management, increased its holdings of the stock, according to a trading update late Wednesday. Wood, who is known for her dogged style of handpicking long-term growth companies with visionary stories, spoke at a panel with Coinbase CEO Brian Armstrong … Read more

Confessions Of A Crypto Addict

(Bloomberg) – The old cravings sometimes creep up on Stevie Rojas and work on his nerves and start to hijack his brain. But he says that he kicked the habit – that he quit cryptocurrencies cold turkey. A lot of people get into crypto. Rojas did, and more: He says he got hooked on it. … Read more