The past month has been a difficult period for crypto investments, with a market spiral pushing digital assets toward lower valuations.
Cryptocurrency investments took a beating in May, and serious losses continue to mount.
Also during the past month, a crypto exchange reaffirmed its intentions to head out and pursue meaningful acquisitions as it attempts to use its recently raised capital.
Here the Investing News Network (INN) offers a recap of what to know about the blockchain business and cryptocurrencies in the month of May.
Digital assets continue to struggle through May
Five months into 2022, the hype surrounding cryptocurrency investments has been met with a major downturn in value for the biggest digital assets, with a serious selloff taking place.
Near the halfway point of May, bitcoin fell below US$26,000 in value — its lowest point in over a year. The dip resulted in an erasure of US$200 billion from the market, according to a report from CNBC.
“I never thought things...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...