Last year, as bitcoin’s price rose as high as $68,000, miners were having a blast. Their profits, according to some estimates, were hovering just under 90 percent, and many of them decided to expand their operations at a frantic pace, bracing for an even larger 2022 bonanza.That windfall has not come to pass. Over the…

May was the month that cryptocurrencies — the digital darlings touted from Twitter to Reddit, and by billionaires and superstars — plunged to earth.Bitcoin, the most popular of those assets, lost 19% of its value within a week, dropping to its lowest value since October 2020. Ethereum plummeted by nearly 27%, and some of the so-called stablecoins, pegged to commodities like…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London CNN Business  —  The deepening chasm between the crypto evangelists and naysayers may never have been as…

Crypto exchanges are where most people buy and sell bitcoin, ether, dogecoin and other types of cryptocurrency. There are plenty of reasons why, but in its rawest and most decentralized form, cryptocurrency is relatively unfriendly to obtain and use. And because of the high degree of risk involved — crypto markets remain largely unregulated, prices are…

Crypto investors have long hoped for a “decoupling” between bitcoin and growth stocks, as the two assets often traded in tandem during the past several months. Both have suffered so far this year, as investors are concerned about soaring inflation, signs of a softening economy and the Federal Reserve’s tightening of its monetary policy. The…

The last couple of weeks has been extremely painful for crypto investors. Bitcoin dropped from an all-time high of $69,000 in Nov 2021 to a current low of $27,000. The crash of the Terra ecosystem only made matters worse – its native cryptocurrency, LUNA, dropped from $85 at the start of this month to an…