EUR/USD 1.14626
-0.111%
Gold 4156.16
0.015%
Oil 76.425
1.330%
USD/JPY 161.435
0.092%
GBP/USD 1.32076
-0.190%
GBP/JPY 213.213
-0.101%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. 10-year Treasury futures fell 12 points, and 30-year Treasury futures fell 21 points.June 22nd - US President Trump: A corrupt and failed New York Times headline: "After nearly four months of war, what has changed? Analysts say nothing much." Really? The (Iranian) military is finished, their navy is gone, their air force is gone, their launch platforms, missiles, drones and their manufacturing are almost gone, their two top leaders are gone, their inflation rate is 250%, their economy has collapsed, soldiers are not paid, the Strait of Hormuz is open, oil is flowing, and the US stock market and employment rate are at record highs. Thats the change, you corrupt and immoral cowards, and theres much more!According to Fox News: A U.S. diplomat stated that the Iranian delegation remains in Switzerland and negotiations are ongoing. Serious progress is being made throughout the day. Intensive discussions are underway regarding all elements of the nuclear agreement. Some discussions focus on clarifying confusing information about the Strait of Hormuz to ensure it remains open.According to sources familiar with the matter, alternative asset management giant Investcorp is acquiring a majority stake in a UK facilities management company, highlighting the continued push for overseas deals by Gulf investors despite the ongoing conflict in the Middle East. The Bahrain-based company is acquiring a stake in Smart Managed Solutions at a valuation exceeding $200 million.Israeli Prime Minister Benjamin Netanyahu: Some Americans say Trump listens to me completely, and some Israelis say I listen to Trump completely—neither of these statements is true. We are leaders of an independent nation. I represent Israels interests.

Crypto Assets Shed $800 Billion in Market Value in A Month

Skylar Shaw

May 11, 2022 10:34

微信截图_20220419102428.png


According to statistics site CoinMarketCap, crypto assets have lost about $800 billion in market value in the last month, reaching a low of $1.4 trillion on Tuesday, as the end of free monetary policy dampens desire for risk assets.


Bitcoin, which accounts for roughly 40% of the cryptocurrency market, fell to a 10-month low on Tuesday before rebounding to $31,450, only six days after hitting $40,000. It was down more than 54% from its all-time high of $69,000 on November 10th.


Prices of digital assets have fallen, reflecting a drop in stocks on worries of aggressive interest rate rises throughout the world to combat decades-high inflation. The Nasdaq, which is heavily weighted in technology, was down 28% from its all-time high in November 2021.


According to CoinMarketCap, the total crypto market worth was $2.2 trillion on April 2, down from an all-time high of $2.9 trillion in early November.


"Bitcoin remains closely tied to larger economic circumstances, implying that the road ahead may regrettably be bumpy, at least for the time being," stated blockchain data firm Glassnode in a note.


Investors were also alarmed by signs of weakness in stablecoins, which are normally a safer crypto currency. TerraUSD, the fourth-largest stablecoin in the world, lost a third of its value on Tuesday after losing its dollar peg.


According to a study issued on Monday by digital asset management Coinshares, despite bitcoin's price drop, funds and products related to it saw inflows of $45 million last week as investors took advantage of market weakness.


"An enormous amount of liquidity has inflated some of these cryptocurrencies," said Nordea Asset Management's senior macro analyst, Sebastien Galy. As various central banks tighten their monetary policies, he expects crypto, which is also tied to high-growth equities, will face pressure.

Suggestion