Is Crypto entering another winter?
2 years, 7 months ago

Is Crypto entering another winter?

The Hindu  

Between early 2018 and mid-2020, prices of cryptocurrencies went down and stayed put. The Luna debacle last week punctured high hopes investors placed on a stablecoin tethered to the U.S. dollar. Luna had been one of the world’s most popular cryptocurrencies and its downfall, alongside TerraUSD, caused mayhem across crypto markets globally. Luna’s fall confirms the “death spiral” theory several crypto experts pointed out a couple years ago. So, is Luna’s falling a harbinger of another season of crypto winter?

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History of this topic

End Of Crypto-Winter? Bitcoin to rally up, touch $100,000 by 2024, says Standard Chartered
1 year, 7 months ago

End Of Crypto-Winter? Bitcoin to rally up, touch $100,000 by 2024, says Standard Chartered

Firstpost  

With the crypto winter coming to an end, Standard Chartered seems to have taken a bullish position on Bitcoin, the oldest and the largest cryptocurrency there is. Bitcoin, the world’s most valuable cryptocurrency, has the potential to reach a record high of $100,000 next year, according to Standard Chartered, which claims the so-called ‘crypto winter’ is ended. Also read: European …

Crypto’s hot streak cools down as harsh ‘winter’ descends
2 years, 6 months ago

Crypto’s hot streak cools down as harsh ‘winter’ descends

The Hindu  

The wealth-generating hot streak for Bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse, and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy calculation, in what industry leaders are referring to as a “crypto winter.” It’s a dizzying turn of events for investments and companies that at …

Crypto investors’ hot streak ends as harsh ‘winter’ descends
2 years, 6 months ago

Crypto investors’ hot streak ends as harsh ‘winter’ descends

Associated Press  

NEW YORK — The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy calculation, in what industry leaders are referring to as a “crypto winter.” It’s a dizzying turn of events for investments and …

Crypto markets down nearly 70% from peaks: Will the carnage continue?
2 years, 6 months ago

Crypto markets down nearly 70% from peaks: Will the carnage continue?

Business Standard  

The meltdown across global equity markets is casting a spillover effect on the crypto markets as well.With the global central bankers turning hawkish to abate inflationary pressures, lack of liquidity is resulting in fund vacuum in the crypto sphere too. Reduced risk appetite, coupled with strengthening dollar, has also made investors exit crypto funds with outflows surging over $100 million …

Crypto investors’ hot streak ends as harsh ‘winter’ descends
2 years, 6 months ago

Crypto investors’ hot streak ends as harsh ‘winter’ descends

LA Times  

An ad for bitcoin is displayed in February, before cryptocurrencies crashed in what industry leaders are calling a “crypto winter.” The wealth-generating hot streak for bitcoin and other cryptocurrencies has turned brutally cold. As prices plunge, companies collapse and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy calculation, in what industry …

Crypto winter what is it when will it be over game of thrones advantages disadvantages investors advice
2 years, 6 months ago

Crypto winter what is it when will it be over game of thrones advantages disadvantages investors advice

ABP News  

In May, the ‘de-pegging’ of the TerraUSD stablecoin led to an unprecedented bloodbath in the overall crypto market. While there is no hard proof of how the term was coined, several publications, including Forbes, surmise that it may have come from the multiple Emmy-winning HBO series “Game of Thrones” and its now-iconic motto, “Winter is Coming.” While the show used …

A crypto winter or a meltdown? Recession fears and layoffs hit crypto currencies
2 years, 6 months ago

A crypto winter or a meltdown? Recession fears and layoffs hit crypto currencies

NPR  

A crypto winter or a meltdown? Recession fears and layoffs hit crypto currencies As a rout in digital currencies deepens, crypto companies are warning of a coming recession and laying off hundreds of employees. GURA: Well, these are speculative assets, and a lot of what's driving the sell-off in stocks is also driving the sell-off in digital currencies. GURA: I'll …

Crypto meltdown is wake-up call for many, including Congress
2 years, 6 months ago

Crypto meltdown is wake-up call for many, including Congress

Associated Press  

NEW YORK — Meltdowns in the cryptocurrency space are common, but the latest one really touched some nerves. The Terra episode publicly exposed a truth long-known in the always-online crypto community: for every digital currency with staying power, like bitcoin, there have been hundreds of failed or worthless currencies in crypto’s short history. Politicians, crypto enthusiasts, and industry lobbyists all …

Why cryptocurrencies crashed – and what happens next
2 years, 7 months ago

Why cryptocurrencies crashed – and what happens next

The Telegraph  

More than $300bn has been wiped off the total value of all cryptocurrencies in circulation as investors panic over the collapse of two of the biggest crypto tokens, while regulators are increasingly monitoring the market, which was worth almost $3 trillion at its peak. The cryptocurrency market meltdown primarily concerns two interlinked cryptocurrencies: Terra, or UST, and Luna. However, on …

Cryptocurrency Market Crash CoinSwitch Kuber CEO Ashish Singhal Explains Why He Still Remains Bullish LUNA Terrausd ust
2 years, 7 months ago

Cryptocurrency Market Crash CoinSwitch Kuber CEO Ashish Singhal Explains Why He Still Remains Bullish LUNA Terrausd ust

ABP News  

New Delhi: The cryptocurrency market is facing an unprecedented dip. Under this backdrop, CoinSwitch Kuber CEO and Co-Founder Ashish Singhal tried to quell the sudden panic among investors and said he remains “bullish about the industry's ability to innovate and create value.” Crypto crash: Why is the cryptocurrency market crashing? “The current market behaviour is a combination of several developments: …

Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies
2 years, 7 months ago

Why is crypto crashing? A Q&A on bitcoin, luna and other falling cryptocurrencies

LA Times  

The cryptocurrency market is seeing one of its worst selloffs since a market rally in 2020, sparking panic among investors and raising questions about why crypto prices have been increasingly sensitive to gyrations in the stock market. Market experts say two main factors are driving the recent slump in the cryptocurrency market: moves by the U.S. Federal Reserve to combat …

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