Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy

Bitcoin Sags in 2022 Under Weight of Stock Selloff and Fed Policy

The Federal Reserve casts a shadow over cryptocurrencies. Like stocks, cryptocurrencies are extending the sell-off to start the year due to expectations that the central bank will raise interest rates as early as March. Bitcoin, the largest cryptocurrency, is down 8.7% since the beginning of the year, according to CoinDesk, and the second largest, ethereum, … Read more

Bitcoin Steadies After Flash Crash

Bitcoin Steadies After Flash Crash

Bitcoin sell-offs plummeted on Wednesday, providing some relief to holders of the volatile cryptocurrency after a sudden crash the previous day wiping out billions of dollars of its value. The largest cryptocurrency by market capitalization is down 1.3% to settle at $4,6154.44 a piece, according to 5pm ET data from CoinDesk. It briefly fell 17% … Read more