Cryptocurrency start-ups are having a solid start to the year, bagging hundreds of millions of dollars in fresh cash.
The pullback in crypto prices has got some investors worried about a more severe downturn known as"." The last such event happened in late 2017 and early 2018, when bitcoin lost as much as 80% since its then-record high.
Digital assets have slumped lately due to expectations of higher interest rates from the Federal Reserve and other major central banks. A common investment case for bitcoin is that it can act as athat's uncorrelated with other financial assets — it's sometimes referred to as"digital gold." The crypto market"has been volatile from the very beginning," said Michael Shaulov, CEO and co-founder of Fireblocks."What is very clear to us is that the investment in the infrastructure is not going to stop."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigerian Crypto Firm Executive: Central Bank Prohibition Led to Growth in Crypto Awareness – Featured Bitcoin NewsRotimi Ogunwede insisted the growth in cryptocurrency knowledge levels shows that Nigerians are against the CBN’s tough policies. cryptocurrency centralbank adoption
Read more »
Former Ark Invest Crypto Lead: Rise of NFTs Is Bearish Signal for Crypto MarketWhile Bitcoin Ethereum and other cryptocurrencies bleed, the NFT industry is blossoming, but here's why it might be worrying
Read more »
How To Start A Crypto Business In Two Simple Steps With Binance Code | Binance BlogInterested in crypto-related business opportunities? Start your own crypto business in two simple steps with Binance Codes.
Read more »
Unblock research bottlenecks with non-profit start-ups‘Focused research organizations’ can take on mid-scale projects that don’t get tackled by academia, venture capitalists or government labs.
Read more »
U.S. stock futures point to wobbly February start after worst month since start of pandemicU.S. stock index futures point to a softer start for Wall Street as the month of February kicks off, after the worst month since March 2020, with...
Read more »
Bitcoin, ethereum — how crypto prices changed in JanuaryBitcoin prices dropped 18.36% in January as bitcoin opened the calendar year with its worst start in 8 years. We rounded up how ethereum and dogecoin did too:
Read more »