During recent cryptocurrency booms, companies have been quick to jump on the trend, whether by reorienting their entire businesses around the buzzy theme, building meaningful crypto features alongside more traditional operations or dipping their toes in the water to ensure they wouldn’t get left behind.
When times were good, companies liked to talk up their crypto involvement, however marginal. But with crypto prices now sagging, it’s worth taking stock of which companies were actually seeing meaningful contributions from their crypto efforts—and which could be in for some pain in a tough climate.
Bitcoin BTCUSD has tumbled 53% year to date through Friday afternoon trading, while the S&P 500 index SPX has lost 18.1%, and has plunged 68% from its record close in November 2021. The selloff comes after bitcoin had run up 60% in 2021 and rocketed 305% in 2020.
MarketWatch took a look at 13 companies with crypto exposure in various forms. Below we break down how digital assets affect...
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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...