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

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

Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Department finally reported an ever-so-slight decline in inflation, as a measure of individual investor sentiment showed the greatest percentage of individual investors that were bearish … Read more

Morgan Stanley: ‘Hard landing’ odds jump as investors worry about economic growth

Morgan Stanley: ‘Hard landing’ odds jump as investors worry about economic growth

The probability of a “hard landing” for the US economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division. “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than simply a correction,” said Lisa Shalett, chief investment officer at … 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

‘Managed futures are like pigs in mud’: This ETF manager is replicating hedge-fund strategies to pull off big gains as stocks and bonds drop this year

‘Managed futures are like pigs in mud’: This ETF manager is replicating hedge-fund strategies to pull off big gains as stocks and bonds drop this year

Hello! Market jitters remain high this week as stocks continue to slide, with Cathie Wood’s ARK Innovation ETF standing out in the recent carnage. “We’ve entered a new era that is going to really challenge a lot of the ways people were making money,” says Andrew Beer of Dynamic Beta Investments, or DBi. In this … Read more

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%

Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that … Read more

Affirm stock soars 34% after earnings ‘put to bed some persistent bear themes’

Affirm stock soars 34% after earnings ‘put to bed some persistent bear themes’

Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and sought to reassure investors about its positioning in a downturn. Revenue at Affirm AFRM, + 23.31% increased to $ 354.8 million in the fiscal third quarter from $ 231 million a year earlier, while analysts … Read more