Crypto Funds Post Record $423 Million Outflows As Bitcoin Plunge Rattles Market

Topline Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that’s come to a head this month as markets grapple with the Federal Reserve’s reversal of pandemic-era stimulus measures. “Highly polarized…

Recession Fears Persist

Gas prices continue adding inflationary pressure and potential for a recession. (Photo by Win … [+] McNamee/Getty Images) Getty Images Key Takeaways Goldman Sachs Increases Recession Probability Bitcoin BTC Under Pressure Can Markets Hold Gains It’s a holiday shortened week with little news, but as I mentioned a couple weeks ago, quiet news weeks have…

3 Lessons Learned From The Crypto Sell-Off

The recent sell-off in cryptocurrency has been eye-watering. Bitcoin BTC lost more than 70% of its value since November highs, and Celsius, a lending platform, announced that it would be pausing a significant portion of its activity. The broader market volatility seems set to continue, and the digital currency ecosystem is bracing itself for more…

Is Bitcoin Headed For Further Pain After Repeatedly Falling Toward $20,000?

Bitcoin has encountered significant volatility lately, falling more than 70% from its all-time high. … [+] getty Bitcoin prices have suffered some turbulence lately, repeatedly approaching $20,000 and falling to some of their lowest values since late 2020. The digital currency dropped to $20,079.72 yesterday morning, TradingView figures show, its lowest since December 2020. The…