Bitcoin drops by 50% since 2021 peak

Published

2 years ago

May 10, 2022

Brittany Coles

The value of Bitcoin has dropped below $33,000 in a major slump for the cryptocurrency

According to Coinbase, Bitcoin’s value has dropped by 50 per cent since its November peak last year.

Bitcoin has seen its price plunge more than 5 per cent in the last day and more than 14 per cent in the last week.

The fall of the world’s largest cryptocurrency by market value comes as stock markets around the world take a hit too.

On Monday, key European, Asian and US indexes slid lower again.

Investors are opting out of riskier assets for more secure investments like the dollar.

On Monday, London’s FTSE 100 closed down more than 2 per cent, while In the US there was similar scenes

The Dow Jones, S&P 500 and Nasdaq lost more than 1% in opening trade.

Related Topics:crypto Politics stocks trending

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Why the meme-stock frenzy is unlikely to repeat

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

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Why are airlines after the Biden Administration?

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

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The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

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