This is the longest ever sequence in which the lead crypto has closed out each week at a lower price than the week before. Today, Bitcoin held its head above $31,000 and was trading at about 5% more than the day before. Crypto investors who’ve seen the value of their portfolios drop significantly this year […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Still down more than 34% this year, investors are anxiously trying to find a bottom in what has been a long and difficult year for cryptocurrencies. As inflation has surged and the Federal Reserve has guided for fast […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. It’s a gold I think is the best argument for it, and that’s not something that I understand or invest in normally, gold. That blunts the blow for me from a valuation perspective, not saying that it’s good […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Riot was originally a medical device maker called Bioptix, but it abandoned that business four years ago and ordered Bitcoin mining equipment. Those transformations were abrupt, but shares of Riot and Marathon skyrocketed as Bitcoin’s price rallied toward […]
At time of writing, Bitcoin had fallen almost 20% in seven days, taking it to around $31,400, according to CoinGecko data. There are a few factors pushing Bitcoin’s price down, but they can be summed up in one word: uncertainty. So, what’s behind the uncertainty? First, sky-high inflation and the measures central banks are using […]
Bitcoin continued its downward slide over the weekend, slipping below $35,000 for the third time this year. This isn’t so surprising given Bitcoin registered a 10% drop last week — its largest intraday fall since January. After six months of downward price action, many investors want to know whether the end is in sight. However, […]
To put the size and scope into context, Enbridge hauls nearly a third of all the crude produced in North America. Keep in mind that Enbridge charges for use of that pipeline network based on the volume and distance travelled, not based on the price of the commodity. The sheer necessity and stability of Enbridge’s […]
At time of writing, Bitcoin is trading at just under $36,000 — down over 40% from its high. For many investors, especially those who bought crypto for the first time last year, these drops are extremely worrying. Some, such as Bill Noble, a senior analyst at Token Metrics, see a fall to $20,000 as the […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Financial markets are in a rough patch, as the triple threat of inflation, rising interest rates, and geopolitical uncertainty send investors racing to the exits. As the crypto that started it all when it launched in 2009, Bitcoin’s […]
The past 24 hours have been brutal for the overall cryptocurrency space, which in aggregate is down 7.5% at time of writing according to CoinMarketCap. The crypto tracking website shows that Bitcoin is off 8.5.% over the last day, and both projects are currently discounted at least 44% from last fall’s price peaks. This is […]
Crypto’s market cap — the value of the whole crypto market — fell about 7%, according to CoinMarketCap. Investors also took heart from Federal Reserve Chair Jerome Powell’s cautious confidence that inflation could be brought under control without triggering a recession. Prices of equities and crypto fell dramatically today as the market digested the interest […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. The calendar has turned over to a new month and the stock market is up slightly with crypto assets climbing as well. Over the weekend, Berkshire Hathaway CEO Warren Buffett poured cold water on the cryptocurrency market once […]
This alone makes it a serious competitor to Bitcoin, as it’s more likely to be adopted by the existing banking/financial systems than Bitcoin . Despite the differences, many of which are in Ripple’s favour, its chances of becoming the next Bitcoin are pretty low for several reasons. The one area where Ripple might be considered […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Currently, Bitcoin is priced at roughly $39,000 per token. If it does end up doubling or even tripling in value, however, investing even a small amount now could be a smart move. Even the experts are divided over […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Terraform Labs, the group behind stablecoin TerraUSD , have been on the frontline of innovation for quite some time. In the event that UST deviates from $1, then Bitcoin could be used just like LUNA is now to […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Yuga Labs will be minting some form of land for its metaverse and that’s driving a lot of interest in ApeCoin and the underlying Ethereum blockchain. I do think it’s interesting that crypto assets aren’t falling much more than […]
Inflation is an economic poison that not only increases the cost we pay for the goods we all need, it erodes the value of currencies, reducing their respective store of value. The latest subscription report from Arcane Research finds that gold is up 4% on the year, while Bitcoin is down 18%. However, Arcane notes […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Generally strong earnings from key companies reporting this week have provided the view that the economic outlook may have grown too bearish in April. And as these ecosystems grow and evolve, investors can find new and exciting reasons […]
The cannabis sector has trailed the broader markets by a wide margin in the last year. Its cannabis investment banking division, called SunStream Bancorp, ploughed in close to $500 million in the first three quarters of 2021 in a bid to reverse Sundial’s fledgling fortunes. While the cannabis market is expanding at a steady pace, […]
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. The Central African Republic has passed a bill to regulate crypto, adopting Bitcoin and other cryptocurrencies with a focus on inclusive growth. Similarly, Ethereum’s move toward an eventual “merge” that would take it from proof-of-work validation to proof-of-stake […]