Bitcoin records 7 consecutive weeks of losses. Could it turn around?

Bitcoin records 7 consecutive weeks of losses.  Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we … Read more

The Cryptocurrency Crash Is Great News For The Rest Of The World. Here’s Why

The Cryptocurrency Crash Is Great News For The Rest Of The World.  Here’s Why

Cryptocurrencies like Bitcoin were meant to be used as digital cash. Instead, they’ve become popular as speculative investments. As well as being resource-intensive and inherently wasteful, cryptocurrencies are also incredibly volatile. Prices for the largest cryptocurrencies, Bitcoin and Ethereum, have both dropped by over 55 percent in six months, leading some to suggest that regulation … Read more

Terra crash sharpens Washington’s attention on crypto regulations

Terra crash sharpens Washington’s attention on crypto regulations

The collapse of the stablecoin TerraUSD USTUSD, + 1.03% has made waves in Washington, attracting the attention of the nation’s top policymakers and adding urgency to an ongoing debate in Congress about cryptocurrency regulation. At its peak in early May, TerraUSD, also known by its ticker UST, was the third most popular stablecoin, with a … Read more

El Salvador’s President Went All In on Bitcoin. Then It Tanked.

El Salvador’s President Went All In on Bitcoin.  Then It Tanked.

The plunging value of bitcoin has hurt investors in cryptocurrency everywhere. The stakes are especially high in El Salvador, the indebted Central American country whose president has spent hundreds of millions of dollars in taxpayer money buying bitcoin and rolling it out as a national currency. The country’s planned placement of an exotic $ 1 … Read more

How a bitcoin market ‘in extreme fear’ compares with the past, and what to expect next

How a bitcoin market ‘in extreme fear’ compares with the past, and what to expect next

Stablecoin USDTerra, or UST USTUSD, + 25.08%, once among the top 10 largest cryptocurrency by market cap, lost its 1 to 1 peg against the US dollar, falling to as low as 6 cents on Friday, according to CoinDesk data. LUNA LUNAUSD, 6.25, another cryptocurrency backing UST, fell nearly to zero from over $ 80 … Read more

How a bitcoin market ‘in extreme fear’ compares with the past, and what to expect next

How a bitcoin market ‘in extreme fear’ compares with the past, and what to expect next

Stablecoin USDTerra, or UST USTUSD, + 7.91%, once among the top 10 largest cryptocurrency by market cap, lost its 1 to 1 peg against the US dollar, falling to as low as 6 cents on Friday, according to CoinDesk data. LUNA LUNAUSD, -12.50, another cryptocurrency backing UST, fell nearly to zero from over $ 80 … Read more

Crypto crash? What investors need to know about Luna, Tether, and bitcoin

Bitcoin records 7 consecutive weeks of losses.  Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we should cover. It has been what some called a “very dark” week for crypto, with stablecoin … Read more

Tether Sinks Below $ 1 in Nightmare Scenario for Bitcoin

Tether Sinks Below $ 1 in Nightmare Scenario for Bitcoin

A bitcoin sign is seen on a Coinstar ATM during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. Photo: Marco Bello (Getty Images) The cryptocurrency market continued to hemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours. And absolutely no … Read more