Page 80 - Three Arrows News Today

Last week showed how interconnected big players in the crypto system are and how fast contagion can spread. Read more at straitstimes.com.

Bitcoin which has lost 57% so far this year and 37% this month.

It’s becoming increasingly clear to investors that global equity markets will feel the chill winds from the “crypto winter”.

Prime Minister Fumio Kishida has finally given the broad strokes of his signature economic growth program. It’s not Abe’s “Three Arrows.”

It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: Wer'e sorry, but we just cant return your money right now.

Caixin Global provides the latest China news headlines on politics, economy, business and finance with insight and in-depth analysis.

The value of bitcoin has fallen for 11 straight days, its longest ever sustained slump. It’s value has dropped more than 70% since its highs in November.

BlockFi, which happened to raise $400 million in funding round that was valued at $5 billion, last fall, is now struggling to raise $100 million in funding at a valuation of $1 Billion, which is almost 80% lower to the funds raised in the previous round. According to the bank, JP Morgan Chase, the investors are least interested in funding the company considering the current pathetic situation of the market.

The FOMC hiked rates 75 bps Wednesday, the largest rate boost since Greenspan’s lone 75 bps move more than 27 years ago (November 1994). For anything bigger, it’s back to the Volcker era.

The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening.