A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a rough ride in the weeks to come. The biggest of them, bitcoin has not managed to hold above the $50,000 mark since its Dec. 4 crash and is down 12% this year. Bitcoin’s market capitalisation has dropped to around $793 billion, crypto platform CoinGecko estimated. It has lost about $93 billion since the start of this year. Even as stocks linked to cryptocurrencies broadly mirrored the fall in prices of digital assets, a few stocks managed gains as they announced new ventures and offerings. – Reuters Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation Citi to sell consumer business in Malaysia, Indonesia, Thailand and Vietnam to UOB Group Take-Two To Buy Farmville Creator Zynga For $12.7 Bn
