Cryptocurrency News Today TheBitTimes.com

In recent weeks, much has been said about the wealth erased from various cryptocurrencies’ valuation. For example, in the seven days leading up to December 24 – and despite the rally on the day – Bitcoin’s (BTC) valuation collapsed by nearly $200 billion. Still, for all the frustration emerging from the apparent cancellation of the ‘Santa Claus’ rally, 2024 remains an exceptionally strong year across the board, with the many coins and tokens being overwhelming winners in the last 12 months. Bitcoin up more than $1 trillion in 2024 Bitcoin itself, despite erasing approximately $200 billion in the last ten or so days, remains more than $1 trillion more valuable as an asset at press time on December 27 than it was on January 1.  Picks for you ChatGPT builds a $1,000 crypto portfolio for 2025 ...

Some crypto tokens will perform better than stocks in 2023 as they become less sensitive to macroeconomic factors, according to CIO at Arca Jeff Dorman. Digital assets will largely decouple from traditional equity Markets in 2023, says Chief Investment Officer at Arca, Jeff Dorman. Discussing his outlook for 2023 in a recent interview with Cointelegraph, Dorman argues that as the global economy enters a recession this year, equities will be negatively affected while some crypto tokens will perform well: the value of the latter, he explained, is determined not only by macroeconomic factors but also by their utility within the respective ecosystems, which would remain unaltered in a recession. “You're going to see a lot of stocks get punished under the weight of restructurings and under the weight of lower revenues and lower cash flows. And you're actually going to see a lot of tokens do really well”, Dorman explained.  Crypto's decoupling process from equities may not ...

Users are still seeking to move their funds away from centralized exchanges, paving the way for blockchain-based alternatives to thrive. Cryptocurrency had its Lehman moment with FTX — or, perhaps, another Lehman moment. The macroeconomic downturn has not spared crypto, and as November rolled around, nobody knew that we were in for the collapse of an empire worth billions of dollars. As the rumors of bankruptcy began to take hold, a bank run was inevitable. Sam “SBF” Bankman-Fried, the once effective altruist now under house arrest, continued to claim that assets were “fine.” Of course, they were not. From Genesis to Gemini, most major crypto organizations have been affected by the contagion effect in the aftermath. The problem with exchanges like Binance, Coinbase and FTX Time and time again, the feeble layer of stability has been broken down by the hammer of macroeconomic stress in an atmosphere of centralization. It can be argued that centralized systems grow quickly for the same...