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

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

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

Videogames ‘Fortnite,’ ‘Minecraft’ Catapult Smiley Salamander to Global Fame

Pollution and other man-made ills weigh heavily on Mexico’s axolotl, a rare salamander popular among Aztecs back in the day. Its population in the wild has fallen by something like 99% in the past three decades, one expert said. Yet the creature’s popularity has never been higher, propelled by the same modern age chasing them … Read more

Bitcoin Prices Drop to Near 2022 Lows. Why the Weekend Is Key for Cryptos.

Text size Bitcoin prices haven’t been this low since January. Dreamstime Bitcoin prices neared their lowest levels of the year on Friday as cryptocurrencies suffered from a stock market selloff that spread to digital assets. There’s a chance for more volatility in the day ahead. The price of Bitcoin fell 8% over the past 24 … Read more