Few areas in the tech world are quaking like crypto. Bitcoin and other cryptocurrencies have lost $1.6 trillion of value since the market peaked last November. Tighter monetary policy and fears of a recession are weighing not only on stocks but also, in the case of crypto, on an asset whose hype has long exceeded its real-world uses. The recent collapse of a major “stablecoin,” which wiped out $40 billion in a few weeks, isn’t instilling confidence in the crypto ecosystem, either.
Still, Bitcoin, the most recognizable cryptocurrency,...
The S&P 500 indexrefuses to fall into a bear market—but that doesn’t mean it’s found a bottom just yet.
Not that it wasn’t a painful week. The S&P 500 dropped 3% and has now fallen 18.7% from its Jan. 3 all-time high. A slide of 20%, which it touched Friday before bouncing back, signifies a bear market. The Dow Jones Industrial Average declined 2.9%, its eighth consecutive week of losses, matching its longest losing streak since 1932. The...
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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...