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Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin. Staked ether, or stETH, is a token that’s supposed to be worth the same as ether. But for the past few weeks, it has been trading at a widening discount to the second-biggest cryptocurrency, fanning the flames of a liquidity crisis in the crypto market.

As prices would increase, so too would the volume of investment. Per the Wall Street Journal, “Crypto’s total market capitalization… peaked in November at nearly $3 trillion.” The drop in crypto pricing is by no means inevitable. However, it is a prudent reminder that we should not hang our hats on yesterday’s results.

Bitcoin plunged as much as 10% to an intraday low of $20,166, according to Coinbase data. It was last trading at $21,544.37, down about 2.6%, around 4:24 p.m. ET. The world’s largest digital currency has plunged nearly 70% since the peak of the crypto craze in November 2021.

Above all, Consensus was a big tent. Huge, in fact, literally and figuratively. We drew 17,000 attendees to the conference itself, and another 3,000 attended satellite events. It was the South by Southwest of crypto, complete with concerts from Disclosure and Big Boi. And it will be next year, too. Source

Cryptocurrencies have rallied following the announcement of a 75 basis point hike by the U.S. Federal Reserve. With inflation in the U.S. soaring past 8.6% in May 2022, the Fed made the the most aggressive rate hike in 28 years yesterday. Bitcoin (BTC), the largest cryptocurrency by market cap, is up 5.7% over the past…

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Since the stablecoin meltdown of early May, all eyes have been on Bitcoin (BTC). It is the key bellwether for the cryptocurrency market, and the price of BTC had been struggling to remain near…

Bitcoin plunges below $24,000 and the crypto meltdown claims another casualty  CNNJPMorgan Readies Trillion Dollar Crypto Bazooka As Celsius Crisis Fuels Huge Bitcoin And Ethereum Price Crash—CryptoCodex  ForbesBitcoin Falls Below $26K as Entire Crypto Market Slides Further  DecryptCrypto Market Cap Falls Below $1T for First Time Since Early 2021  CoinDeskBitcoin drops 14%, falling below $24,000 as $200 billion wiped…

The European Central Bank (ECB), led by President Christine Lagarde, is scheduled to meet Thursday and is expected to convey its own plans for tightening monetary policy. Money markets are pricing in 1.25 percentage points of ECB interest-rate increases over the rest of 2022, according to the German lender Deutsche Bank. Source

For example, you can invest just a quarter in crypto by rounding the $2.75 you pay for a cup of coffee to $3. Bamboo also offers the option to invest significantly more, up to $20,000 a day, or via weekly installments, although Cassidy noted the company is not an exchange but rather “focused on being…

The exchange is headquartered in Singapore and has offices in Thailand, Indonesia and Australia. Coinbase was previously in acquisition talks with Zipmex, although it opted against that in March, according to the report.