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markets bleeding

Extra Markets bleeding: Bitcoin plunged as investors cut their exposure to cryptocurrencies

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Bitcoin fell 8.6 percent on Thursday to under $36,000. The cryptocurrency is down more than 30 percent over the past two weeks and has fallen roughly from its recent highs. [ccpw id=”11234″] For comparison, Facebook’s market cap was $753 billion on Thursday afternoon, while Apple Inc.’s was $702 billion—both significantly higher than Bitcoin’s current worth. The widespread unwinding of risk assets has hit the...

Bitcoin, Cryptocurrencies, Front page, News

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microstrategy

If Bitcoin Falls Below $21,000, Microstrategy Will Be Forced To Sell Some Of Their Bitcoin

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The company’s CEO said that if the bitcoin price drops below $21,000, they would have to sell some of their holdings because they cannot afford to buy back the shares using only cash. MicroStrategy (NASDAQ: MSTR) has been around for three decades. Over that time, the company has developed and deployed a series of business intelligence software solutions to help its customers gain insight into their businesses. The company’s...

Bitcoin, Cryptocurrencies, ETF, Front page

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OlympusDAO

OlympusDAO continues its long-term plan to revive with inverse bonds

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In the midst of a bear market, OlympusDAO is continuing its long-term plan to revive its project. The company’s native OHM token has been on a steady decline since March 2022, when it reached a high of $1,300 per token. The price has since fallen by 98%, trading near $20; meanwhile, OlympusDAO’s staking rewards have shrunk from 6% in the first months after its launch to 2% now. [ccpw id=”12438″] The...

Cryptocurrencies, DeFi, Front page, News

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fidelity investments

Fidelity is Now Allowing Bitcoin Investments In Its 401k Plans

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Fidelity will allow its retirement plan clients to invest in Bitcoin, the company announced on Monday. The move is a historic moment for Bitcoin and cryptocurrency as a whole. Americans saving for retirement will now be able to allocate up to 20% of their 401(k) accounts to Bitcoin. Fidelity was quick to point out that the new policy is not an endorsement of the cryptocurrency, but more of a reflection of their customer’s needs....

Bitcoin, Front page, Trading

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elon musk buys twitter

Elon Musk Reaches Deal To Buy Twitter For US$44 Billion

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Twitter’s board of directors agreed Monday to accept a US$44 billion buyout offer made by billionaire Elon Musk. After the news broke, Musk, who made the surprise offer less than two weeks ago, said he is the right person to “unlock” the social networking company’s “extraordinary potential.” In a meeting late Monday, Twitter’s board voted unanimously to accept Musk’s offer of US$26 billion in...

Cryptocurrencies, Front page, News

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