The shares of crypto miners, which are most exposed to the price swings of the digital currencies they mine, were the worst hit. Stocks of some of the largest, such as Core Scientific , Riot Blockchain Marathon Digital , fell more than 6% in early U.S. trading.Other stocks, such as software development firm Microstrategy and crypto exchange Coinbase , also tumbled, losing about 8%.
Traders will be using the consumer price index report as a key indication of whether the Federal Reserve is likely to raise rates by another 75 basis points, or 0.75 percentage point, when it meets next week. The S&P 500 index has fallen about 14% this year, and bitcoin has lost more than 50% as higher inflation has led the Fed to raise interest rates, causing most asset classes to decline in value.
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the fact that there are crypto stocks tells me that cryptocurrency has completely failed
hazz bear market again 🥱
It's still surprising how within 2 years, crypto and stocks got so correlated. So much for diversification.
Well, you are late, those were news 2 hours ago, now buy the dip 🚀🚀🚀
usd becomes inflated why go in there? go scarce
Convert volatility with stable
saving usdt is the only way to save your money from inflation
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Source: Utoday_en - 🏆 295. / 63 Read more »