• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic – The New York Times

May 13, 2022
in News
0
Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic – The New York Times
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Cryptocurrency prices also dropped precipitously. The price of Bitcoin fell as low as $26,000 on Thursday, down 60 percent from its peak in November, before rising somewhat. Since the start of the year, Bitcoin’s price movement has closely mirrored that of the Nasdaq, a benchmark that’s heavily weighted toward technology stocks, suggesting that investors are treating it like any other risk asset.

The price of Ether plunged, too, losing more than 30 percent of its value over the last week. Other cryptocurrencies, like Solana and Cardano, are also down.

Any panic might be overblown, some analysts said. A study by Mizuho showed that the average Bitcoin owner on Coinbase would not lose money until the digital currency’s price sank below $21,000. That, according to Mr. Dolev, is where a true death spiral could occur.

“Bitcoin was working as long as no one lost money,” he said. “Once it gets back to those levels, that’s sort of the ‘Oh, my God’ moment.”

Professional investors who have weathered past crypto volatility also stayed calm. Hunter Horsley, chief executive of Bitwise Asset Management, which provides crypto investing services to 1,000 financial advisers, met with more than 70 of them this week to discuss the market. Many were not selling, he said, because every other asset was down, too. Some were even trying to capitalize on the drop.

“Their standpoint is, ‘This is no fun, but there is nowhere to hide,’” he said.

Still, the plummeting prices have rattled crypto traders. Just a few months ago, blockchain proponents were predicting that Bitcoin’s price could rise as high as $100,000 this year.

Previous Post

Pregnant woman sues Travis Scott for wrongful death after losing her baby after Astroworld concert – Daily Mail

Next Post

Week 1 — Buffalo Bills at Los Angeles Rams to open 2022 season; Denver Broncos at Seattle Seahawks on Monday Night Football – ESPN

Related Posts

‘This Is Us’: How NBC Drama Wrapped Pearsons’ Story In Moving Series Finale – Deadline
News

‘This Is Us’: How NBC Drama Wrapped Pearsons’ Story In Moving Series Finale – Deadline

https://deadline.com/2022/05/this-is-us-series-finale-recap-jack-rebecca-randall-kate-kevin-season-6-episode-18-1235031154/

Read more
China would only use force as a last resort for Taiwan reunification, former PLA official says – CNBC
News

China would only use force as a last resort for Taiwan reunification, former PLA official says – CNBC

https://www.cnbc.com/2022/05/25/force-a-last-resort-for-china-on-taiwan-reunification-former-pla-official-says.html

Read more
Rain delays second half of Golden State Warriors-Dallas Mavericks game – ESPN
News

Rain delays second half of Golden State Warriors-Dallas Mavericks game – ESPN

https://www.espn.com/nba/story/_/id/33979888/rain-delays-second-half-golden-state-warriors-dallas-mavericks-game

Read more
At least 19 children, 2 adults killed after shooter opens fire at Texas elementary school – CBS News
News

At least 19 children, 2 adults killed after shooter opens fire at Texas elementary school – CBS News

https://www.cbsnews.com/live-updates/texas-elementary-school-shooting-robb-elementary-uvalde/

Read more
North Korea tests presumed ICBM and two other missiles, South Korea says – CNN
News

North Korea tests presumed ICBM and two other missiles, South Korea says – CNN

https://www.cnn.com/2022/05/24/asia/north-korea-missile-intl/index.html

Read more
Load More
Next Post
Week 1 — Buffalo Bills at Los Angeles Rams to open 2022 season; Denver Broncos at Seattle Seahawks on Monday Night Football – ESPN

Week 1 -- Buffalo Bills at Los Angeles Rams to open 2022 season; Denver Broncos at Seattle Seahawks on Monday Night Football - ESPN

  • Trending
  • Comments
  • Latest
Thousands of Deaths and Adverse Reactions Deleted From VAERS – The Epoch Times

Thousands of Deaths and Adverse Reactions Deleted From VAERS – The Epoch Times

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Over 200 people being monitored for monkeypox in Massachusetts – New York Post

Over 200 people being monitored for monkeypox in Massachusetts – New York Post

CDC believes NYC monkeypox case is real, says 5 incidents overall in US – Gothamist

CDC believes NYC monkeypox case is real, says 5 incidents overall in US – Gothamist

Homemade Steak Sauce – Barefeet in the Kitchen

Homemade Steak Sauce – Barefeet in the Kitchen

11 ideas from RHS Chelsea 2022 that work beautifully in real gardens – The Middle-Sized Garden

11 ideas from RHS Chelsea 2022 that work beautifully in real gardens – The Middle-Sized Garden

Former Fighting Dog Dominates American Ninja Warrior Obstacle Course

Former Fighting Dog Dominates American Ninja Warrior Obstacle Course

US is offering vaccines to certain people exposed to monkeypox. Heres what you should know – CNN

US is offering vaccines to certain people exposed to monkeypox. Heres what you should know – CNN

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Homemade Steak Sauce – Barefeet in the Kitchen

Homemade Steak Sauce – Barefeet in the Kitchen

11 ideas from RHS Chelsea 2022 that work beautifully in real gardens – The Middle-Sized Garden

11 ideas from RHS Chelsea 2022 that work beautifully in real gardens – The Middle-Sized Garden

Homemade Steak Sauce – Barefeet in the Kitchen

Homemade Steak Sauce – Barefeet in the Kitchen

11 ideas from RHS Chelsea 2022 that work beautifully in real gardens – The Middle-Sized Garden

11 ideas from RHS Chelsea 2022 that work beautifully in real gardens – The Middle-Sized Garden

Former Fighting Dog Dominates American Ninja Warrior Obstacle Course

Former Fighting Dog Dominates American Ninja Warrior Obstacle Course

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....