Goldman Sachs (-0.43%) downgrades cryptocurrency exchange Coinbase Global (-8.54%) to sell, but average analyst sentiment suggests that shares in the exchange could more than double regardless.
Investors betting on listed cryptocurrency firms have been more heavily exposed to volatility as business and commercial risk is lumped onto companies dealing in already volatile assets
The Bank of International Settlements warns that policymakers are at risk of pushing the global economy into stagflation, marked by high inflation and low growth.
Bitcoin miners are traditionally “hodlers” who only sell the cryptocurrency when needed, but persistently low prices and leveraged miners are being pressured to sell to make ends meet.
Weaker economic data has investors betting that central banks will be constrained in their ability to tighten policy, seeing an 11th hour rally in rate-sensitive tech stocks.
Central bankers are having to contend with one of the most complex macroeconomic environments in decades and as a result, are having to develop policy on the fly, fueling uncertainty.
Persistence is everything in business, and there are some who believe that the survivors of the current Crypto Winter could go on to lead the most valuable Web3 businesses in…