Bitcoin , ether , and Terra’s LUNA weren’t the only major assets were investors faced losses this week as the broader crypto market lost as much as 16% of overall capitalization on Thursday alone.
Earlier this week, bitcoin fell amid inflation concerns and contagion risks from TerraUSD's , a stablecoin pegged to U.S. dollar, freefall. Bitcoin fell to as low as $24,000 on Thursday morning before a slight recovery overnight. This risk-off reaction caused stocks of crypto related companies to tank. Japan’s Monex ended the day 10% below its open on Thursday, as did Hong Kong’s OKG Technology Holdings , which runs blockchain explorer OKLink and provides custodial services for cryptocurrencies. While, Hong Kong-listed BC Technology Group was down 15% on Friday morning.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Asia: Terra’s Planetary Collapse Is Taking Down Crypto Lending; Altcoins PlummetThe collapse of Terra’s LUNA and UST tokens has rippled through crypto markets, accelerating the fall in bitcoin's price and renewing concerns about digital assets. Now, crypto lending appears to be its next victim. TheSamReynolds and JPRubin23 report thesamreynolds JPRubin23 cbdc coming to ethereum, probably thesamreynolds JPRubin23 Good luck to all of us, but I'm sure there is no one left in the crypto world who hasn't been harmed by luna. It's a fiasco. This has nothing to do with the bearish market. Shame on crypto..... CZ Benbybit SBF stablekwon thesamreynolds JPRubin23 That news is better understood with this other one. And then you wonder👇 How can they attack decentralization and impose their CBDC? The answer, looking at the moon Luna Terra Anchor btc stablecoins altcoin
Source: CoinDesk - 🏆 291. / 63 Read more »
Crypto-associated stocks hammered as COIN and HOOD drop to record lowsThe stock price of listed BTC mining companies and other businesses with exposure to cryptocurrency are dropping to yearly lows as the crypto market continues to sell-off.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia – Regulation Bitcoin NewsPresident Vladimir Putin amends his decree requiring Russians running for office to declare their property abroad to add crypto assets. russian officials with crypto Putin has become the same level of unrestrained tyrant as the buffoon ruling over North Korea. Basically he's shitting on the people that thought to be his 'friends'
Source: BTCTN - 🏆 531. / 51 Read more »
DON'T Suffer in Silence: If The Crypto Crash Has Affected You, Read This | CoinMarketCapIt has been an incredibly difficult few days for many people. If you've been badly affected by the cryptocrash, please read this — and don't suffer in silence. It could be the most important article you ever click on. Nice rug thanks cryptocurrency 😂 所以你已经打算放弃你的项目了吗？ SatoshiLite And it will probably only get worse. The bottom is far from in. Bitcoin could literally drop to $5k.
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Mexican Crypto Exchange Bitso Launches Stable Yield Program – Exchanges Bitcoin NewsA new program, called Bitso+, will offer users different yield plans according to the cryptocurrency held and the quantities present in the wallet of the exchange. Thank you very much_,,,! Now is the right time to setup passive stream of income on Cryptocurrency💱Forex Trade📊🤑Let a professional Trader do the work, while you relax and monitor your account🥳DM📨FOR GUIDANCE 🔥Join and Invite friends ➡️ SHlBT0KENEVENT
Source: BTCTN - 🏆 531. / 51 Read more »
Brazilian fintech unicorn Nubank to start offering crypto servicesBrazil's Nubank partnered with crypto firm Paxos to allow customers to trade bitcoin and ether.
Source: TheBlock__ - 🏆 464. / 53 Read more »