Why Is Bitcoin Falling Again Today?

• Finance
• Watchlists
• My Portfolio
• Cryptocurrencies
• Yahoo Finance Plus
• Screeners
• Markets
  • Options: Highest Open Involvement
    Options: Highest Open Interest
  • Options: Highest Implied Volatility
    Options: Highest Implied Volatility
• News
• Personal Finance
• Videos
  • Influencers with Andy Serwer
    Influencers with Andy Serwer
  • Yahoo Finance All Markets Summit
    Yahoo Finance All Markets Height
  • America: Back in Business
    America: Back in Business
• Yahoo U
• Industries
• Tech
• Contact Us

• S&P 500

• Dow 30

• Nasdaq

• Russell 2000

• Rough Oil

• Gold

• Argent

• EUR/USD

• 10-Yr Bond

• GBP/USD

• USD/JPY

• BTC-USD

• CMC Crypto 200

• FTSE 100

• Nikkei 225

Crypto: Why the price of bitcoin is falling

Yahoo Finance'south David Hollerith breaks down how bitcoin continues to fall as stocks sink.

Video Transcript

[MUSIC PLAYING]

- The bearishness persists in crypto land. Bitcoin fell beneath xl,000 this morning with some at present pointing to a death cross for the crypto forming on the charts is i reason for the turn down. Yahoo Finance's cryptocurrency reporter David Hollerith is here with the details. David, ugly starts the calendar week, but really it'southward been an ugly few weeks for Bitcoin. David, I remember you're on mute.

DAVID HOLLERITH: Since Nov, when we saw all the prices of crypto assets peak, y'all know, information technology'south been a general drawdown. One interesting trend that we've as well seen concurrently with the drawdown in cryptocurrency prices has been sort of an increase in the supply of stablecoins. For example, USDC, the second largest stablecoin has increased by about about 700% in the last week. So what we're seeing right now is a lot of investors, crypto investors are moving into stablecoins as a way to hedge out some of the volatility that'south going on right now.

The Bitcoin price is testing around $xl,000. Ethereum tests at the $3,000 level. And so, again, the top two cryptocurrencies are trading even lower this week, and they're following sort of a more gamble-on story that is what nosotros're seeing in the stock marketplace more than generally.

- And, David, you know, what are the crypto true-blue kind of saying about this latest downdraft, correct, considering no matter what happens with, with Bitcoin, with Ethereum, with the rest, you lot really have a pretty sizable core of people who are bulls out at that place, who will say this too shall laissez passer?

DAVID HOLLERITH: Yep, you know, I think that the realistic crypto faithful are sort of thinking of this every bit a sort of a fourth dimension to hold out. You know, people take even-- you lot know, they're acknowledging the fact that cryptocurrencies have traded risk on since the pandemic. And one trend that was kind of interesting was the relationship betwixt the Bitcoin price and the 10-year Treasury yield. Now they were sort of moving in a lockstep style for the by year. And equally of January iii, so at the beginning of final week, they sort of diverged.

And then a lot of cryptocurrency investors were sort of hoping that this was some sort of signal. An analyst I spoke to is indicated that information technology'south probably been a reflection of the fact that the 10-year yield, upward to this betoken, hasn't really signaled Federal Reserve movements as much as just the heating of the economy without Federal Reserve sort of signaling concerns over aggrandizement. Then now that'south changed, I think that we're expecting over the brusque-term and near-term and most crypto investors who are taking these drawdowns seriously are saying, in the nearly-term and short-term they expect to go along drawdown, simply nothing like 2018 is sort of the going discussion. So they're not expecting you know, a multi-length or twelvemonth long bear market at this point.

- Point well-taken. Yahoo Finance'south David Hollerith, proficient to see you.

• 

  Why Ford Stock Braked Hard Today

  Later on eking out simply a tiny proceeds yesterday, shares of Ford Motor Company (NYSE: F) fell sharply on Tuesday, down 4.iv% as of i p.m. ET. Ford reported vehicle sales for the U.S. market in March yesterday, you see, and the news was non good. Total sales for the month fell 25.6% year over yr to 159,328, with retail sales (i.e., not fleet) falling fifty-fifty harder -- down thirty.one%.

• 

  Why Nvidia, Skyworks, and Qualcomm Stocks Dropped on Tuesday

  Equally of i:thirty p.chiliad. ET, both Nvidia (NASDAQ: NVDA) and Skyworks Solutions (NASDAQ: SWKS) are down iv.2%, while Qualcomm (NASDAQ: QCOM) has its ain special problem that is driving its stock downward an fifty-fifty worse 5.one%. This morn -- four days later investment banking company JPMorgan removed Qualcomm from its "Analyst Focus List" on worries nigh depressed smartphone demand -- TheFly.com is reporting that JP has gone a pace farther and actually chopped its price target on Qualcomm stock by fifteen%, lowering it to $205 a share. Concluding week, StreetInsider.com quoted JP blaming "fresh coronavirus lockdowns in China and rising price of goods due to the Ukraine conflict" for weak demand for "depression- to mid-cease Android handsets" that apply Qualcomm technology.

• 

  A Fed Official's Speech Just Sank Markets. Hither's Why.

  Fed Governor Lael Brainard spooked markets Tuesday with hawkish comments. She spoke of the need to lower inflation and suggested the Fed would tighten monetary policy quickly. She too said the Fed may shrink the size of its balance sheet a lot faster than it did in the prior recovery.

• 

  iii Huge Things to Watch in Tilray's Q3 Earnings Report This Week

  Canadian pot producer Tilray Brands (NASDAQ: TLRY) reports its third-quarter earnings on Wed before the bell. The stock has been scarlet hot and investors may be tempted to jump on the bandwagon. A couple of quarters ago, Tilray CEO Irwin Simon referred to small producers as "ankle biters" who were taking marketplace share away from the business.

• 

  Why the Heck Is GameStop Splitting Its Stock?

  If you had GameStop (NYSE: GME) on your bingo menu as the stock that follows Alphabet and Tesla in splitting its stock, congratulations! The video game retailer announced it would seek shareholder approving to expand the number of shares outstanding from 300 million shares to 1 billion shares to "provide flexibility for future corporate needs," later on which it would split its shares. GameStop'due south stock has more than doubled over the past 2 weeks, rising from $fourscore a share to the $166 a share level information technology closed at just prior to the split proclamation, later on a new meme-stock rally was ignited by picture show theater operator AMC Entertainment (NYSE: AMC) declaring information technology was investing $28 meg in a gold and silver miner.

• 

  Why Upstart Holdings Plummeted 31% in March

  Upstart Holdings (NASDAQ: UPST) had a rocky month of March equally its stock cost dropped 31%, according to Southward&P Global Marketplace Intelligence. Upstart Holdings is a consumer finance company that uses artificial intelligence (AI) to handle loan requests. Roughly 70% of its loan requests are fully automated, and about 2-thirds are approved instantly through the AI.

• 

  Jim Cramer Advises Looking for Tomorrow'southward Winners Among Q1'south Losers; Here Are 3 Stocks Analysts Like

  With Q1 backside us, it'southward time to sit back and evaluate our situation. First off, the obvious – volatility ran college in the first quarter of the year, fueled past multiple alien headwinds. Those include inflation, which is still rising; a global supply chain plagued with snarls; resurgent COVID outbreaks flaring upwards effectually the world; and Russia's war against Ukraine, that is both Europe's largest land conflict in iii generations and a major disruptor of global nutrient and oil markets (which bri

• 

  Where Volition QuantumScape Be in 3 Years?

  QuantumScape (NYSE: QS) stock rose recently on the rumors of a potential partnership with Porsche. Allow's bank check out what the solid-state battery company has been up to lately and what its progress means for its stock. QuantumScape, and then far, has collaborations with four fundamental customers -- three automotive and one stationary energy-storage production manufacturer.

• 

  Here's Why Block (Square) Is Falling Today

  In improver to full general down pressure on tech stocks today, there's i major news item that is pushing Block lower, and it'southward a phrase that investors never want to hear -- a data breach. Specifically, Block reported that a former employee downloaded reports from the Greenbacks App after being terminated and that the reports contained information about its customers. Get-go off, it's important to have this information breach with a large grain of salt.

• 

  Will Qualcomm Continue to Disappoint Traders?

  In his commencement "Executive Decision" segment of Monday's Mad Money program, Jim Cramer spoke with Christiano Amon, president and CEO of Qualcomm , the semiconductor maker. Amon touted the company's contempo conquering of Arriver, which completes Qualcomm'southward "digital chassis" for autos that include autonomous driving. Qualcomm'due south digital chassis is expected to become a $2.5 billion product for the chipmaker.

• 

  3 "Strong Buy" Stocks That Are Too Cheap to Ignore

  The stock market place can exist a fickle place, as nosotros've seen this year. Starting early in January, all the main indexes vicious, in a wide-based sell-off acquired, at to the lowest degree in function, past worries over inflation and the Federal Reserve's conclusion to first raising involvement rates in response. The promised end of the key depository financial institution'southward long-continuing easy money policy spooked investors. The currents shifted in mid-March, nonetheless, after the Fed pulled the trigger with a quarter-bespeak rate hike. The collective mind calm

• 

  Why SoFi Stock Fell 17% in March

  Shares of SoFi (NASDAQ: SOFI) dropped 17.5% last month, co-ordinate to data provided by S&P Global Market Intelligence. A strong earnings report wasn't plenty to overcome the sell-off that hit growth stocks and bank stocks. Its losses were lower than expected by Wall Street, and SoFi's projections for the full year 2022 indicate that it expects to maintain this momentum.

• 

  Morgan Stanley Pounds the Table on These 2 Reliable Dividend Stocks

  In that location are a multiple headwinds buffeting the markets right now, pushing stocks, bonds, and commodities in various directions. Between stubbornly high inflation, the state of war in Ukraine, the persistence of COVID, and even the developing instability in Chinese real estate, the possible shocks that can striking the market are enough to make any investor's caput spin. They are besides a strong inducement to start taking a defensive stance on an investment portfolio. At least, that'due south the bottom line from Morgan St

keeleyanound.blogspot.com

Source: https://finance.yahoo.com/video/crypto-why-price-bitcoin-falling-154125253.html

Share this post