Questa discussione è il proseguimento della seguente discussione: Seguiamo l'andamento del Bitcoin insieme! - L'ineluttabile ritorno ai 40.000$(?)
È stato deciso di fare un nuovo topic in quanto quello precedente era ormai diventato inattivo. Abbiamo quindi pensato che si potrebbe fare una discussione per ogni "periodo storico" della moneta (Bitcoin in questo caso).
Cosa sta succedendo?
L'ultima volta la discussione si era chiusa con un BTC a 45.000$ adesso ne vale 29.000$ per la precisione dal 4 al 9 Maggio 2022 BTC è passato da 39.000$ a 30.000$.
The term "cryptocrash" has been trending on Twitter and Google Search.
And the combined market value of all crypto-currencies is now reportedly $1.12trillion, about a third of its November value, with more than 35% of that loss coming this week.
One Bitcoin is now worth about $27,000, its lowest value since December 2020 and down from a high of nearly $70,000 late last year.
Ethereum, the second largest coin by value, has lost 20% of its value in 24 hours.
"The collapse of TerraUSD has started what we used to call 'the panics', when major financial institutions sold off large chunks of assets and everyone else tried to take their money out as quickly as they could," economist Frances Coppola said.
"Panic is exactly what's going on here."
Altre notizie rilevanti:
- La stablecoin TerraUSD ha perso tutto il suo valore mandando in crisi anche il mercato delle stablecoin
Terra’s problems started on May 9th when the price of the UST stablecoin began to slide dramatically. Because of the way that algorithmic stablecoins operate, this caused a huge increase in the supply of the corresponding Luna cryptocurrency token, which is traded against UST in order to balance the price.
Adding Luna tokens into circulation or removing them was previously sufficient to maintain a consistent price for UST. But the size of the price slide and the corresponding amount of Luna minted — supply more than tripled in a matter of days — sent the two linked cryptocurrencies into a “death spiral” from which neither has been able to recover.
Currently, UST is trading at around 40 cents instead of $1; and the value of Luna has been almost entirely wiped out, crashing from $100 to around 1 cent.
- Coinbase ha perso il 50% del valore delle sue azioni dal 4 al 9 maggio passando da 130$ a 50$ ad azione sul NASDAQ
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- Cosa succede ai "soldati" della "meme trading revolution"?
The institutions? They’ll probably be fine. Some of these companies were talking about their wallet offerings on the earnings calls — reminding investors that people spend more when they deposit their paychecks directly into PayPal or Block, which means that the companies make more. Robinhood gets paid with every trade. So does Coinbase. Fees are the real way Wall Street makes money.
That’s not the only place people will get squeezed. Block acquired Afterpay, a buy-now-pay-later company, earlier this year. Afterpay is part of a larger group of companies, including Klarna and Affirm, that allow consumers to buy an article of clothing, then pay for it in installments. In 2021, consumers spent more than $20 billion on these point-of-sale loans. This sector was originally meant to challenge credit cards. Now it just seems like another way to wring more money out of consumers.
The retail investors who crowded into the market in the last two years, who may not have correctly judged their risks? I worry. When the line goes down — whether it’s crypto or stonks or anything else — these are the people I fear for.