Crypto Currencies Meltdown Erases More Than $1 Trillion in Market Value

Bloomberg Markets and Finance published this video item, entitled “Crypto Currencies Meltdown Erases More Than $1 Trillion in Market Value” – below is their description.

The rollercoaster ride for crypto currencies continues. Digital coins from Bitcoin to Ether to Solana were crushed in a brutal selloff last week. Su Keenan reports on “Bloomberg Daybreak: Asia.”

Bloomberg Markets and Finance YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

US Must Be ‘Strategic’ on China Tariffs, Trade Representative Tai Says

U.S., Commodity Economies to Have ‘Soft Landing’: K2 Asset Management

China Plans Tax Relief of Over $21 Billion to Lift Economy

In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

4 Recent Items: Bitcoin

The recent market sell-off ‘has not deterred’ crypto investors: Grayscale CEO

Market Coverage – Tuesday May 24 Yahoo Finance

Bitcoin prices jump, Scott Minerd warns of fall to $8,000 and celebs talk NFTs: CNBC Crypto World

All About Bitcoin

In This Story: Solana

Solana is a public blockchain platform. It achieves consensus using proof of stake and proof of history. Its internal cryptocurrency is SOL. Bloomberg considers Solana to be “a potential long-term rival for Ethereum”. Like Ethereum, Solana can run smart contracts.

3 Recent Items: Solana

Solana Labs CEO on OpenSea, Wormhole Exploit, Decentralization

Mastercard Exec, Solana’s Founder, Bahamas Prime Minister and More Live from Crypto Bahamas

Andrew Yang on Crypto & Midterms, Rick Fox’s Crypto Journey and More

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.