Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy

The crypto market fell alongside U.S. equities for the first two weeks of the year, with both markets struggling under the same dynamic.

Wsjwhatsnow, Computers/Consumer Electronics

1/22/2022 3:30:00 PM

Cryptocurrencies have had a bumpy start to the year amid expectations that the Federal Reserve will raise rates as early as March, explains ahirtens WSJWhatsNow

The crypto market fell alongside U.S. equities for the first two weeks of the year, with both markets struggling under the same dynamic.

PREVIEWSUBSCRIBEDogecoin jumped about 10% in the two minutes after Mr. Musk’s tweet, but in the afternoon was back at pre-tweet levels, and on Monday afternoon was down about 17% since the tweet.Still, large selloffs are common in crypto. Bitcoin is down about 39% from its record high of $68,990 hit on Nov. 10, according to CoinDesk. While that would constitute a significant crash for an equities market, it isn’t even bitcoin’s biggest drop over the past 12 months. From April through July last year, the cryptocurrency’s price dropped 52%.

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ahirtens What does Mr. Big Shot get? What is the return on his investment? That's what I would like to know. ahirtens Or: 'Our investment journalists just spent 6 months pumping for crypto and now they've crashed hard, losing $1 trillion. Oops.' ahirtens What's backing cryptos? Air? The government backs the US dollar....

ahirtens ⚠️👇🏼WATCH OUT!!!👇🏼⚠️ ahirtens ⚠️👇🏼WATCH OUT!👇🏼⚠️

Bitcoin sags in 2022 under weight of stock selloff and Fed policyThe Federal Reserve is casting a shadow over cryptocurrencies. Stock are crashing going negative... Tesla is crashing Digital world acquisition DWAC being shorted get out of this market

Bitcoin sags in 2022 under weight of stock selloff and Fed policyThe Federal Reserve is casting a shadow over cryptocurrencies. Stock are crashing going negative... Tesla is crashing Digital world acquisition DWAC being shorted get out of this market

Bitcoin Mining Difficulty Sets New All-Time HighMining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21. egreechee reports. egreechee egreechee Good egreechee This is good news and the priced dropped.

Bank of America CEO: US economy will normalize in 2023Bank of America CEO Brian Moynihan predicted the economy could grow by 4% in 2022 and said that it's the Fed's 'job' to bring it back to pre-pandemic levels. So they will shorting market till 2023 Amc 2:50$ or € a buy for 5 years + long !! We are the CEO 😂

Credit Suisse upgrades Cloudflare to outperform, sees stock as attractive after selloffCloudflare's stock has fallen nearly 29% since the end of December, but a Credit Suisse analyst said it is set to rebound. First Reader Conincidencely ✌🏻😂

Major financial-market and trading news. PREVIEW SUBSCRIBE Dogecoin jumped about 10% in the two minutes after Mr. Musk’s tweet, but in the afternoon was back at pre-tweet levels, and on Monday afternoon was down about 17% since the tweet. Still, large selloffs are common in crypto. Bitcoin is down about 39% from its record high of $68,990 hit on Nov. 10, according to CoinDesk. While that would constitute a significant crash for an equities market, it isn’t even bitcoin’s biggest drop over the past 12 months. From April through July last year, the cryptocurrency’s price dropped 52%. Since bitcoin hit its record, Coinbase is down 32%; Marathon Digital is down 60%; Riot Blockchain has fallen 49%; and MicroStrategy is off 43%. That is bear-market territory even for crypto stocks, but it hasn’t kept the crypto bulls from saying the market is primed for a turnaround. Lucas Outumuro, the head of research at research firm IntoTheBlock, said, “The mix between hope and distress has crypto markets split about what may come next.” While the SEC hasn’t announced major actions against big crypto exchanges, the commission has threatened to sue companies offering crypto lending. WSJ’s Dion Rabouin explains why this one part of the crypto market has drawn such a strong reaction. Photo: Mark Lennihan/Associated Press Write to