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19 September 2021
12:07 hour

Cash in on the crypto opportunity

Financial Express

15/09/2021 - 03:31

Industry must work along with the govt to address the concerns.


READ THE FULL ARTICLE ON FINANCIAL EXPRESS

Related headlines:

  1. AMC Entertainment Holdings Inc on the go? (10/08/2021 - Reddit Stock Market)
    I have seen a lot of Redditors talk about the recent quarterly earning reports of $AMC and we did find this on quantale.io . Q2 Earnings, Crypto and Social Sentiments: Social Sentiments from Reddit, Twitter, News, etc.. Total Revenue from Operations stood at $444.7 million Adjusted EBITDA stood at $150.8 Million Free cash flow at $251.7 Million ​ Revenue Breakdown for AMC “We’re quite intrigued by the potentially lucrative business opportunity for AMC if we intelligently pursue further serious involvement with cryptocurrency,” Aron added. He also discussed AMC exploring how else it can participate in the crypto economy as the company is eager to explore new opportunities. Several other companies, including fast-food chains like Burger King and tech players like Xbox, are beginning to accept cryptocurrencies as payment. “We are still losing money. We are still burning cash. We’re burning less of it, but we’re using cash, not generating cash. So we’re not out of the woods yet,” Aron said.   submitted by   /u/Mr_XooX [link]   [comments]
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  2. COIN Immense Upside? (29/05/2021 - Reddit Stocks)
    I am sitting here realizing. COIN is printing cash 24/7. Its rainy on memorial day weekend and I am buying/selling crypto on coinbase. Traditional brokerages are closed after hours/weekends but CB is always open. And its more exciting due to the big moves in crypto. ​ I am on this platform more than any other and so are my friends. Most of us forgot about our stocks and never day trade, just hold but the new economy CB has built and the slickest UI in the space made me realize. ​ This is a buy and hold forever stock. No wonder why JPM/GS/WFC are scrambling to get in. its literally the biggest cash cow machine we have seen in decades. ​ Plus they custody 11% of all crypto assets and BInance CEO even said CB is VERY undervalued at 100 billion. For a competitor to say that is quite rare.   submitted by   /u/Supertronk [link]   [comments]
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  3. How does crypto tracking work? (16/04/2021 - Reddit Stock Market)
    I'm new to crypto and have been reading as much as possible about it, but this doesn't make sense to me. From what I understand, one of the benefits of crypto is that it's transparent and tracable. Yes, I can look up any transaction I want, but how do I know who it belongs to? The transactions are completely anonymous, so I'm not understanding how this is beneficial. For example, if someone was using crypto for nefarious means, how would anyone track that back to the source? How would we know if a politician was the one doing shady stuff with crypto? How would we know if it was a billionaire using crypto to manipulate the market? Thanks in advance for replying to this. And I'm a huge nerd, so if you have any books or resources that dive into this, I'd appreciate it.   submitted by   /u/mstzbootman [link]   [comments]
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  4. Crash Prediction / Investments (11/06/2021 - Reddit Stocks)
    Hey guys, Im fairly new to investing (about a 7 months now). Ive been seeing the stock market reach new heights, and with the inflation and the amount of cash from the general public thats been put in stocks, i cant help but be worried about a crash. I own ARKK, PLTR, Crypto, and a bit of boring stuff like Coca Cola. But yet im hearing that there might be a small correction but a . boom is right around the corner as covid is coming near an end. So Im not sure who to believe. My thoughts were to sell more crypto and riskier tech stocks and put it either into Gold, S&P, or even holding more cash. But im not too sure as i still love the tech stocks im currently invested in. In a sense I could sell my majority and take a little profit i made and cash out and see what happens with the stock market. but then i would just have cash and with the inflation happening and more stimulus checks, im also worried my cash will just become worthless. I wanted to know what everyone thinks of the current market and if you had any advice for me. Still a noob here just trying to learn. Thank you!   submitted by   /u/Um6reon [link]   [comments]
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  5. I don't understand the hate towards crypto (31/05/2021 - Reddit Stock Market)
    Im 29. I talk about crypto with my older cousins and relatives. Literally all of them simply ignore crypto while investing in stocks. They say they don't trust it, it's not going anywhere, blah blah blah. I hear this all over besides within my family and I genuinely do not understand it. Instead of doing research which could lead to big gains, people are simply idnorimg crypto all together. If you're in this subreddit and you're ignoring crypto, I'm genuinely curious as to why? It makes no sense to me. I've made more money in crypto than any stock I've invested in. Yes I'm new to stocks in general, but crypto has changed my life so far.   submitted by   /u/NickG8971 [link]   [comments]
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  6. Crypto: What new crypto tax rules would mean for average investors and miners (02/08/2021 - Market Watch)
    Experts tell MarketWatch that the average crypto investor who uses a centralized exchange like Coinbase COIN or Kraken to buy and sell crypto assets should expect the IRS to know exactly how much money they made on those transactions, if the bill becomes law.
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  7. Interested in buying my first crypto ever, advice and help needed. Have no idea what to do. (26/04/2021 - Reddit Stock Market)
    So I own various stocks but no crypto whatsoever. I really still don't understand what crypto is despite my many attemps to understand it, which is why I haven't taken the plunge and purchased any yet. Mainly I don't quite understand the differences between market securities and crypto, and how they differ both in the nature of the return they provide as well as just sheer technical differences. I'm interested in some crypto ETFs, but I genuinely have no idea where to start. Can I buy crypto through my investing account? Do I exchange it the same way I would if buying foreign currency? Sorry if i sound like i'm a noob but that's only because i am a noob. Any passionate crypto fanatics out there want to ELI5 how I can select a crypto, and go about actually buying it? The things I'm most confused about is just how to actually purchase it, and how it differs from purchasing a security, or if it's just the same?   submitted by   /u/stonkonlygoup95 [link]   [comments]
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  8. Bitcoin’s share in global crypto market cap declined 35% in 8 years; here’s why crypto king lost ground (02/03/2021 - Financial Express)
    The number of new altcoins has increased to 8,655 so far with Ethereum, Cardano, Binance Coin, Tether, Polkadot, XRP, Litecoin, Chainlink, Bitcoin Cash, and more leading the top-10 tally in terms of the market cap.
    [visit article]
  9. NewsWatch: Senators move to exempt bitcoin, crypto miners from proposed U.S. tax rules (04/08/2021 - Market Watch)
    Supporters of the crypto industry in the U.S. Senate filed an amendment to the bipartisan infrastructure bill, which would impose new tax-reporting rules on crypto brokers, to make clear that miners and providers of crypto services would not fall under the bill's requirements.
    [visit article]
  10. Capitol Report: Senators move to exempt bitcoin, crypto miners from proposed U.S. tax rules (04/08/2021 - Market Watch)
    Supporters of the crypto industry in the U.S. Senate filed an amendment to the bipartisan infrastructure bill, which would impose new tax-reporting rules on crypto brokers, to make clear that miners and providers of crypto services would not fall under the bill's requirements.
    [visit article]
  11. Crypto: Bitcoin, Ether, dogecoin rebound as Binance ban seen highlighting crypto maturation (29/06/2021 - Market Watch)
    Crypto markets on Tuesday are attempting to clawback from recent lows, which briefly triggered shades of the 2017-18 digital-asset winter.
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  12. Crypto: Let the crypto price wars begin, as Robinhood touts ‘commission free’ trade vs. Coinbase rivals (03/06/2021 - Market Watch)
    Is a zero-commission war about to erupt in the crypto arena?
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  13. Could we be about to enter a Crypto stock bubble? (17/08/2021 - Reddit Stocks)
    With Crypto ETFs on the horizon and Crypto slowly but now seemingly surely becoming mainstream, what do we think the chances are that we will have a dot com 2.0 due to Crypto? I can see a situation where "X company to accept Bitcoin as payment" comes out in the news and suddenly their stock just pumps. Then once other companies start gaining wind of this, everyone will start doing it and all of sudden we're in dot com again. Take Tesla just suggesting that they'll likely accept BTC again, their stock went up about 10% within a week. To be clear, I'm not necessarily saying that crypto in general is in a bubble (I personally don't think it is although it is of course very speculative).   submitted by   /u/_DeanRiding [link]   [comments]
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  14. Crypto: AMC’s deeper move into crypto cements Adam Aron as ‘King Silverback’ of meme stocks (16/09/2021 - Market Watch)
    The movie theater will now accept 5 coins as payment, which is less about crypto than it is about Aron and his retail shareholders.
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  15. Crypto: Was ‘Big Short’ investor Michael Burry right about crypto and meme stocks facing ‘mother of all crashes’? (21/06/2021 - Market Watch)
    Crypto markets face heavy selling pressure Monday, with the sector facing a bearish breakdown of trend.
    [visit article]
  16. Crypto: Was ‘Big Short’ investor Michael Burry right about crypto and meme stocks facing ‘mother of all crashes’? (21/06/2021 - Market Watch)
    Crypto markets face heavy selling pressure Monday, with the sector facing a bearish breakdown of trend.
    [visit article]
  17. Crypto: Coinbase’s stock rises as crypto platform says U.S. customers can use debit card in Apple, Google wallets (01/06/2021 - Market Watch)
    Shares of Coinbase climb Tuesday as the broader digital-asset complex attempts to rally following a listless weekend for crypto.
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  18. Crypto vs stocks and crypostocks (23/07/2021 - Reddit Stocks)
    Anyone care to share an opinion on this matter? Was looking at some Crypto values and noticed this article by Forbes https://www.forbes.com/advisor/investing/top-10-cryptocurrencies/ Basically some of these coins have really gone up in value in short time. For example Dogecoin going up 160,000% over just 4 years. And BNB (Binance Coin) going up 350,000% over just 4 years as well. Comparatively $AMZN has gone up ~210,000% since IPO but that took almost 25 years. Then there is this situation with stocks that are related to Crypto. For example $COIN is a crypto exchange platform. So when crypto picks up or drops, stocks related to it will fluctuate as well. Interestingly this company Binance seems to have a strong market share for the crypto exchange platform market. And then you have to factor in which crypto itself is the one that will take hold. For example Bitcoin has been somewhat of the dominant crypto for a while. But others are popping up that offer distinctions compared to bitcoin. IE some have a lower carbon footprint per transaction, some offer additional security or functionality measures. And since Crypto is so new, who knows if any of these have truly cracked the code for creating the best possible crypto and the crypto that will be mainstream in another 10 years. Crypto has been tanking. But Elon saying that Tesla might start accepting Bitcoin again. Musk and Dorsey had a friendly debate or more like a conversation about cryptos. And I think $TSLA themselves have a decent investment in crypto holdings. So yeah just looking for some inputs on this. Do you guys see cryptos going back up? If so which ones? Do you see Binance achieving monopoly as a crypto exchange platform? Do you see more money in stocks, cryptos or a cryptostock like $COIN? Just wondering, I'm a bit stoned and curious at the moment.   submitted by   /u/PaleontologistWest [link]   [comments]
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  19. Crypto: Bitcoin jumps to nearly 3-month high as crypto attempts to clear next hurdle at $51,000, analyst says (09/08/2021 - Market Watch)
    Bitcoin trades near highs not seen since mid-May on Monday, as the world's most prominent crypto staged, along with the rest of the digital-asset complex, stage a recovery from recent lows.
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  20. Bitcoin Alert! Govt says crypto gains taxable as income, GST applicable on services by crypto exchanges (28/03/2021 - Financial Express)
    There is no data maintained by the government on crypto earnings as there is no provision in the IT return to capture data on such earnings.
    [visit article]
  21. Cryptos: A bitcoin winter ahead? Crypto expert predicts just that, but after digital asset hits $300,000 at end of 2021 (22/03/2021 - Market Watch)
    Bitcoin prices may be on track to hit $300,000 by year end, and then be followed by a dark period for crypto investors, according to one crypto expert.
    [visit article]
  22. Crypto: Crypto is ‘95% fraud, hype, noise and confusion,’ says Fed’s Neel Kashkari (17/08/2021 - Market Watch)
    Minneapolis Federal Reserve President Neel Kashkari on Tuesday had some harsh words for the nascent crypto asset market.
    [visit article]
  23. Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem (14/04/2021 - Financial Express)
    The milestone would also allow crypto bulls to advocate even more affirmatively for digital assets' proliferation. Among the most prominent and largest crypto exchanges, Coinbase was launched in 2012 by Brian Armstrong.
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  24. Crypto: Bitcoin $100,000? Bulls see crypto at $50,000 as a pit stop to much higher prices (23/08/2021 - Market Watch)
    Bullish investors in bitcoin are cheering the virtual asset's reclamation of a perch above $50,000 over the weekend, but the rally back to that price has only served to renew bold predictions that the world's No. 1 crypto will end the year at or above $100,000 a coin.
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  25. BuyUCoin says up to 1800% returns in its crypto SIP in Bitcoin, ETH, LTC, LINK, DOT. Should you invest? (15/09/2021 - Financial Express)
    Cryptocurrency exchange BuyUcoin today announced the launch of a diverse SIP plan for the Indian crypto investors with an option to invest across more than 10 crypto assets.
    [visit article]
  26. NewsWatch: Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration (22/03/2021 - Market Watch)
    The fate of the dizzying rally in crypto assets could depend greatly on the Biden administration's regulatory stance to the burgeoning crypto economy
    [visit article]
  27. Nandan Nilekani backs crypto again; says users can have some assets in crypto akin to gold, real estate (07/06/2021 - Financial Express)
    Allowing individuals and businesses to tap the $1.5 trillion market would allow “the crypto guys to put their wealth into India’s economy”, said Nandan Nilekani.
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  28. Cash leads at Sotheby's massive diamond auction, no crypto buyers (09/07/2021 - Seeking Alpha)

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  29. Crypto: Elon Musk breaks up with bitcoin? Cryptic tweet has some crypto bulls fearing the worst (04/06/2021 - Market Watch)
    Crypto bull Elon Musk on Thursday evening issued a cryptic tweet that many in the crypto world were interpreting as the billionaire's breakup with bitcoin, the world's most prominent digital asset.
    [visit article]
  30. Capitol Report: Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration (22/03/2021 - Market Watch)
    The fate of the dizzying rally in crypto assets could depend greatly on the Biden administration's regulatory stance to the burgeoning crypto economy
    [visit article]
  31. Crypto: Here’s why ‘Mr. Wonderful’ Kevin O’Leary eyes DeFi’s potential in disrupting traditional finance (31/08/2021 - Market Watch)
    O'Leary, once a skeptic of crypto, now owns shares in crypto exchange FTX, stablecoin operator Circle and decentralized finance platform WonderFi.
    [visit article]
  32. Capitol Report: Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration (22/03/2021 - Market Watch)
    The fate of the dizzying rally in crypto assets could depend greatly on the Biden administration's regulatory stance to the burgeoning crypto economy
    [visit article]
  33. Crypto: Coinbase Global’s stock rises 2%, even as crypto platform gets hit with bearish Raymond James report (09/06/2021 - Market Watch)
    Bitcoin prices climb sharply Wednesday but Coinbase Global was struggling to match the gains in the world's No. 1 crypto, as the crypto platform was hit with a relatively sobering report from Raymond James, which initiated coverage of the company at the equivalent of a sell rating.
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  34. Smartphone maker OnePlus likely exploring crypto space; asks its ‘community’ about use of crypto wallets (02/06/2021 - Financial Express)
    The survey asks for any problem or inconvenience users have encountered when investing in or holding cryptocurrency. It also tries to understand the usage of any crypto wallet such as Coinbase Wallet etc.
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  35. Crypto hedge fund moves into cash after its stalwart trade falters - Bloomberg (01/07/2021 - Seeking Alpha)

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  36. Crypto: Bitcoin briefly nose dives 18%, dogecoin tumbles 30% and market stages wipeout as El Salvador makes crypto legal currency (07/09/2021 - Market Watch)
    Crypto markets experience a momentary tumble Tuesday, resulting in some of the most popular digital-assets registering double-digit losses until staging a mini recovery.
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  37. Coinbase DPO (04/04/2021 - Reddit Stocks)
    So the DPO for the coinbase is set for the 14th of April. What are your thoughts on the company? I believe the stock price is largely influenced by the movement of the overall crypto market. I also believe that this is a nice way to indirectly invest in the crypto market without owning individual crypto curencies.   submitted by   /u/Amarthus12 [link]   [comments]
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  38. NewsWatch: This dogecoin chart offers the clearest explanation for the buzz surrounding the ‘joke’ crypto (16/04/2021 - Market Watch)
    Dogecoin, dogecoin, dogecoin! That must be what bitcoin holders are saying lately. Owners of the world's No. 1 crypto, like Jan from the 1970s-era sitcom, The Brady Bunch, must feel as if they have been living in the shadow of a more intriguing sister crypto.
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  39. NewsWatch: This dogecoin chart offers the clearest explanation for the buzz surrounding the ‘joke’ crypto (17/04/2021 - Market Watch)
    Dogecoin, dogecoin, dogecoin! That must be what bitcoin holders are saying lately. Owners of the world's No. 1 crypto, like Jan from the 1970s-era sitcom, The Brady Bunch, must feel as if they have been living in the shadow of a more intriguing sister crypto.
    [visit article]
  40. Stock picks? (29/05/2021 - Reddit Stocks)
    Hey ya'll not sure if this is the right place to post. I have a decent amount of experience with investing (around 2 years) and prefer long term growth positions. Current portfolio is ~15k. 1k in crypto (60% BTC, 35% ETH, 5% Cardano), 1k in PLTR, 2k each in AAPL, ICLN, and SQ. ​ As you can probably deduce, I have a lot of cash sitting on the sidelines and need some help deciding some good stocks to look into when an inevitable buying opportunity comes along. 21 yo student, very long investing timeline and decent appetite for risk (calculated risk; I'm not trying to YOLO my money into AMC calls). Any suggestions?   submitted by   /u/Nigatiganogatoga [link]   [comments]
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  41. Cash in on Crypto? Maybe it’s just me,but the only ones cashing in are the Whales and trading platforms! (22/07/2021 - Reddit Stock Market)
      submitted by   /u/frannos [link]   [comments]
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  42. Coinbase IPO. A stock tied to the 3 year long bear markets and volatility of Crypto without, at least, providing an occasional x10. (26/02/2021 - Reddit Stocks)
    Before you trash, please read. A terrible company loathed within the Crypto world itself, with persistent crashes during significant moments of market spikes (great trading opportunities). By the time it releases (which, at the earliest, will be March), the Crypto euphoria appears to be diving into a bear market (the signs are OH SO similar to early 2018). While Crypto is in the bear market (for, presumably, the next 3 years), there's absolutely no reason for this stock to escalate. If Crypto doesn't enter a bear market, Bitcoin and practically any of the other "blue chip" crypto-token will outperform this stock by a ridiculous amount. This stock also panders to a whole new generation of gamblers hoping that maybe they'll be in on something new, and when it crashes/dips soon after release and doesn't provide the x10-20 gains they're expecting from crypto... Can anyone sell me on this stock?   submitted by   /u/Concerta1 [link]   [comments]
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  43. Using a cash cushion to defend from market downturns. (03/07/2021 - Reddit Stock Market)
    Let's say the SPY CRASHES 40% on Monday. Hell breaks loose at wall street. If you have everything invested it would be quite impossible to recover from such a loss. However having a cash cushion say 20% the size of your portfolio can help you take the opportunity to buy the dip. Note this cash is not the emergency fund for yourself it's separate. Say you had 10k in funds where 10k invested with 0 cash. After the crash you would be left with 6k. Lets make the assumption that the market recovers 30% within the same year. So your 6k investment after the crash recovers to 7.8k. That is still a 22% loss. Now let's calculate what happens if you use the cash cushion scenario. 8k invested and 2k in cash. 8k crashes to 4.8k. However now you use the cash to buy more, hence you have 6.8k invested. After the same 30% recovery you would have 8.8k which is more that 10% return in the year of the crash. Note you don't have to keep 20%, but find a place that you are comfortable with cash sitting on the sides. Imo this should be more than 10% of your portfolio. I hope some of you could maybe learn something.   submitted by   /u/nerfyies [link]   [comments]
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  44. Investing in Crypto (26/04/2021 - Reddit Stock Market)
    Personally, I can’t wrap my head around the crypto space so I don’t choose to invest, my personal reason being that right now I don’t see crypto working because it’s so volatile. For example if you bought something with Bitcoin during the dip these past weeks you could be potentially be way overspending if the price of Bitcoin increases again. My question to the people who are investing in the crypto space or are planing to invest in that space is, are you investing solely because of hype? Why Dogecoin and cryptos that don’t have a lot going for them that are most likely not going to end up mainstream, and lastly if not based on your own DD what makes you believe in the space?   submitted by   /u/Johnnyinvests [link]   [comments]
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  45. Crypto: Bitcoin is king of crypto but ‘Ethereum’s ascent to the top of the cryptoverse seems unstoppable,’ says analyst (18/08/2021 - Market Watch)
    Bitcoin, the world's No. 1 crypto in the world and the genesis of the current revolution in digital assets may one day bow down to a new king of the sector, speculates a researcher.
    [visit article]
  46. Crypto: Dogecoin surges more than 30% and the crypto army cheers as Coinbase Pro network opens to transfers (02/06/2021 - Market Watch)
    Dogecoin soars Wednesday after crypto platform Coinbase lays the groundwork for the meme asset to soon trade on the U.S.'s largest digital-asset site.
    [visit article]
  47. Cryptos: Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto (17/05/2021 - Market Watch)
    The air is leaking out of the crypto complex, led by sharp declines in popular trades, including bitcoin, dogecoin and crypto platform Coinbase Global on Monday.
    [visit article]
  48. Crypto: Bitcoin just broke below $30,000 for first time since January and ‘it is likely we may see more panic in the market’ (22/06/2021 - Market Watch)
    Bitcoin on Tuesday extends a persistent price drop that has pushed the world's No. 1 crypto to the lowest level since January, wiping out more than $1.3 trillion in market value for the broader crypto complex from a peak in May.
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  49. Cryptos: Bitcoin, dogecoin lead wipeout of over half a trillion dollars in manic Monday for crypto (17/05/2021 - Market Watch)
    The air is leaking out of the crypto complex, led by sharp declines in popular trades, including bitcoin, dogecoin and crypto platform Coinbase Global on Monday.
    [visit article]

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