INSUBCONTINENT EXCLUSIVE:
Bitcoin's price plunged by more than 80% to as low as $3,100.There are few things scarier for investors than a bear market -- unless
you're involved in crypto, in which case a winter is worse.The chilling term refers to a sharp slump, followed by a drop-off in trading and
months of market doldrums -- a phenomenon that memorably befell the crypto market in 2018
Bitcoin's price plunged by more than 80% to as low as $3,100 from the end of 2017 through December of the following year, a period
characterized by the boom-and-bust of initial coin offerings and several big banks shelving their plans to start cryptocurrency trading
Bitcoin wouldn't reach a new high until December 2020, according to data compiled by Bloomberg.Memories of 2018 are sparking fears that a
repeat is playing out now after the world's largest cryptocurrency plummeted 50% from its most recent high of almost $69,000 in November
The crypto universe has shed more than $1 trillion in market value on growing conviction that the Federal Reserve is set to start ratcheting
back the ultra-accommodative policy settings that fueled a boom in risk assets
The pullback has hit all corners of the crypto ecosystem, from Bitcoin to memecoins and publicly listed crypto exchanges
While the collapse has been rattling enough on its own, it has spawned an even bigger concern that the pain may persist for many months,
Remember, the crypto winter in 2018 wasn't just over the Northern Hemisphere winter months
a definite chill in the air
Bitcoin has already satisfied half of his two-part crypto-winter definition: a sharp decline in prices
In January alone, crypto-exchange FTX announced the launch of a $2 billion venture fund to target Web3 opportunities, while the Financial
Times reported that Andreessen Horowitz is looking to raise $4.5 billion for crypto funds
corners of the crypto ecosystem
Filings with the United States Patent and Trademark Office show that Walmart Inc
is preparing to create its own cryptocurrency and non-fungible tokens
reportedly is also planning to launch an NFT marketplace for gamers by the end of the year.To Tacen Inc.'s Budd White, that momentum is a
chief product officer and co-founder at the software development company that builds open-source, blockchain-based software.The looming
threat of intensified regulatory action adds to the risks embedded in the crypto complex
The Fed is considering the launch of its own digital currency, while crypto mining's energy use has attracted scrutiny from the United
the Fed's paper on central bank digital currencies didn't answer any questions on if we will see a digital dollar or how they could work
and is published from a syndicated feed.)
