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

USDTerra stablecoin, UST gold USUSD, +18.12%, 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, 18.75, another cryptocurrency backing UST, fell nearly to zero from over $80 in early … Read more

Stablecoins, explained: Why the crash of Terra and Luna has investors on edge

London CNN Business — Within the often head-scratching world of cryptocurrenciesthere’s a small but growing sub-species known as “algorithmic stablecoins” that have some investors and regulators ringing alarm bells. This week, one popular so-called algo coin cratered, wiping out billions of dollars’ worth of value in just a few days. The coin, called TerraUSD, is … Read more

Bitcoin Slides Further, Tether Briefly Breaks $1 Peg

Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher … Read more

Bitcoin Prices Fall. Cryptos Pressured as Terra’s Meltdown Intensifies.

Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar. The price of Bitcoin fell 2% … Read more

Hoping to snag a cheap airline ticket for summer travel? Good luck, new inflation data show

Airfare costs have taken off ahead of a summer travel season running on steep demand and high gas prices, according to new price inflation data released Wednesday. The record-breaking cost increase for airline tickets stood out in a Consumer Price Index reportt that showed an overall 0.3% increase in the cost of living from March … Read more

Bitcoin Prices Fall. Cryptos Pressured as Terra’s Meltdown Intensifies.

Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar. The price of Bitcoin fell 2% … Read more

Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 5:15 am ET, it had partially rebounded to about 41 cents in … Read more

MicroStrategy Stock Is Crumbling as Bitcoin Slides and Rates Rise

Bitcoin’s tumbling price is dragging down MicroStrategy’s stock. Dreamstime Text size MicroStrategy , a software and Bitcoin holding company, was tumbling again as the price of the crypto continued to slide. Shares of MicroStrategy (ticker: MSTR) were down 23% in trading Monday, to around $227 a share. The company held 129,218 Bitcoins on its balance … Read more

Cryptocurrency taxation: Here’s what you need to know

A lot is changing fast in the world of crypto, including the tax rules. As with most investments there will be taxes to consider before figuring out how much you really made – or lost – on your digital assets. So if you couldn’t resist getting in on, say, bitcoin’s wild ride – which, for … Read more

Why TerraUSD Is Partly to Blame as Bitcoin Prices Plunge

Text size Cryptocurrency prices have slid since Friday. Dusan Zidar/Dreamstime Cryptocurrency market analysts are looking around for where to lay the blame as Bitcoin prices plunge on Monday. Bitcoin‘s correlation with stocks is certainly a major factor. Cryptos have tumbled in tandem with the S&P500 and Nasdaq index as investors freight over the possibility of … Read more