Crypto Washout Sends Major Coins to Lowest Levels of the Year – Bloomberg

Crypto Washout Sends Major Coins to Lowest Levels of the Year – Bloomberg

Blockchain Crypto Market Technology
July 7, 2022 by Coinvasity
28
Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day.Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic,
wp-header-logo-87.png

Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day.
Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Hear the latest economic, business and market news, as well as global, national, and local news.
Topping Out transports us to one of the premier ice climbing comeptitions in the world.
RBI’s Forex Inflow Measures Greeted With Skepticism Offshore
UK Inflation Expectations Are Heating Up, BOE Survey Shows
Samsung Sparks $30 Billion Tech Rally After 21% Sales Jump
Twitter Challenges India to Court Over Blocked-Tweets, Suspension Orders 
Meta Plans to Call New Virtual Reality Headset the ‘Quest Pro’
Boris Johnson to Quit After Months of Scandals Hammer UK Tories
Ukraine Summons Turkish Ambassador Over Released Russian Vessel
How to Protect Your Budget From Summer Travel Chaos
Bill Ackman Donates $18,000 for Toddler Orphaned in Highland Park Shooting
‘Taken Too Soon’: Remembering Highland Park Shooting Victims
All Eyes on Banchero, as NBA Summer League Is Set to Open
The Fed Signals It’s Not for Turning, But Markets Are
The German Trade Deficit Is No Cause for Alarm
We’re Starting to See Clear Signs of Tech Troubles
Putin’s War Threatens Europe’s Ambitious Climate Goals
Geely Is Launching Satellites in a Bid to Bring Driverless Cars to China
Google Is Going to Let Politicians Spam Your Inbox
US Pandemic Checks Had No Lasting Impact on Poor, Study Shows
Texas Abortion Clinic Provider Plans Move to New Mexico After Court Ruling
One-Tenth of the World Is Hungry, and War Risks Worsening the Crisis
Should There Be a Higher Bar to Call Products ‘Sustainable’?
‘Van Life’ Goes Electric as RV Makers Race to Lure Millennials
Wildlife Revival Sparks Conservation Craze in New Zealand’s Capital
Here’s Where Car Payments Cost More Than Rent in the US
Intel Bets 17 Billion Euros on a Tech Revival in Eastern German
Take Me Out To The Digital Ball Game: NFT’s Enter the Field
Crypto Exchange Bitstamp Cancels Plans for ‘Inactivity Fee’
Crypto Lender Genesis Confirms Exposure to Bankrupt Three Arrows Capital

Losses in cryptocurrencies deepened Friday, with everything from Bitcoin to Ether to Solana either setting or approaching their lowest levels of the year. 
The MVIS CryptoCompare Digital Assets 100 Index, a market cap-weighted measure which tracks the performance of the 100 largest tokens, declined 4.9%, bringing the drawdown for the year to almost 50%. Bitcoin, which accounts for almost half the index, slumped for a fourth day. Ether, which makes up about 18%, breached an earlier low set at the start of May after the collapse of the Terra blockchain. Popular DeFi tokens such as Solana and Cardano fell even more.

source

Add a comment