Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Crypto Market Value Drops Below $1 Trillion
Crypto Market Value , Drops Below $1 Trillion.
Reuters reports that according to CoinMarketCap, cryptocurrency market value fell to $926 billion on June 13.
Reuters reports that according to CoinMarketCap, cryptocurrency market value fell to $926 billion on June 13.
That's the first time it's dropped below
$1 trillion since January 2021.
In Nov.
2021, the global crypto
market reached $2.9 trillion.
In Nov.
2021, the global crypto
market reached $2.9 trillion.
$1 trillion in value was lost in April and May of this year as investors unloaded volatile assets amid rising inflation.
.
On June 13, bitcoin dropped 18% to reach $23,750, an 18-month low.
Reuters reports that puts bitcoin
down by 50% so far in 2022.
Ether fell 15% to $1,210.
As inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters.
As inflation proves to be an even trickier opponent to beat than expected, Bitcoin and Ether are continuing to get a severe bruising in the ring, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters.
They are prime victims of the flight away from risky assets as investors fret about spiralling consumer prices around the world, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters.
They are prime victims of the flight away from risky assets as investors fret about spiralling consumer prices around the world, Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, via Reuters
Apple Abandons Electric Car Efforts, , Reports Say.
Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. .
Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. .
Employees who were working on
the project, which has likely been in development for at least 10 years, .
will reportedly transfer to Apple's AI division. .
The tech giant is following a trend,
with investors’ enthusiasm for electric
vehicle investments waning, amid
the frenzy for all things AI. , Susannah Streeter, head of money and markets at U.K.-based
investing platform Hargreaves Lansdown, via CNN.
It’s vital that Apple stays one step
ahead in developing the tech people crave,
to justify its products’ high price points,
so fully exploring the opportunities AI
presents for its future ranges is essential, Susannah Streeter, head of money and markets at U.K.-based
investing platform Hargreaves Lansdown, via CNN.
While Apple never officially
confirmed its EV aspirations, .
it obtained several vehicle-related patents
and hired automotive executives over
the years, among other things.
In 2020, Elon Musk even said that he
once tried to sell Tesla to Apple. .
Meanwhile, iPhone manufacturer
Foxconn revealed plans to produce EVs, .
Meanwhile, iPhone manufacturer
Foxconn revealed plans to produce EVs, .
with CEO Young Liu telling CNN that the business model for such vehicles "should be reinvented."
Credit: Wibbitz Top Stories Duration: 01:31Published
Enforcement Directorate attaches assets worth Rs 98 crore of Shilpa Shetty and Raj Kundra in a crypto assets ponzi scheme case. The couple faces a money.. IndiaTimes
Euronews caught up with Yves Holenstein from Bitcoin Suisse AG to learn how the largest cryptocurrency is about to be part of our day-to-day lives in the next few years.
Credit: euronews (in English) Duration: 06:22Published
Bitcoin Rallies, on Hopes of Renewed Interest , Among Mainstream Investors.
On March 4, the price of Bitcoin broke $65,000,
bringing it closer to returning to an all-time
high reached in November 2021.
NBC reports that the latest rally has been driven
by hopes that the launch of bitcoin exchange-
traded funds will expand bitcoin's pool of buyers. .
In 2024, the cryptocurrency has
gained over 48%, rapidly approaching its
record intra-day all-time high of over $68,000.
In January, Bitcoin ETFs were first approved by
the Securities and Exchange Commission (SEC). .
The SEC said the approval of the ETFs were meant
to make it easier for investors to gain exposure to
Bitcoin without having to actually own the digital coins.
NBC reports that the world of crypto is also banking
on a potential rally following a technical event
known as "halving" scheduled to occur in April.
This event will see the rate of supply for new bitcoin
to decline, which could cause the value of the
cryptocurrency to increase if demand remains unchanged.
Some mainstream investment experts have
still urged caution when it comes to investing
in the controversial cryptocurrency.
With equities, you own a share
of a company that produces goods
or services, and many also pay
dividends. With bonds, you get
a stream of interest payments, Vanguard statement, via NBC.
Commodities are real assets that meet
consumption needs, have inflation-
hedging properties, and can play
a role in certain portfolios, Vanguard statement, via NBC.
While crypto has been classified
as a commodity, it’s an immature
asset class that has little history,
no inherent economic value,
no cash flow, and can create
havoc within a portfolio, Vanguard statement, via NBC
Credit: Wibbitz Top Stories Duration: 01:32Published
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