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Bitcoin has plummeted in 2022, here's why
Bitcoin crashed last week, taking overall losses since November to US$570 billion. So, what's behind the massive sell-off?
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Business
Bloomberg
Australia’s Core Inflation Breaks Above RBA Target Midpoint
(Bloomberg) -- Australia’s core consumer prices surpassed the midpoint of the Reserve Bank’s 2-3% target for the first time since June 2014, a surprise that sent bond yields higher and lifted expectations of earlier interest-rate hikes.Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateChina’s ‘Little Giants’ Are Its Latest Weapon in the U.S. Tech WarHong Kong Billionaire Loses Half Her Fortune on Chi
Business
Bloomberg
Asia Stocks, U.S Futures Fall on Fed, Russia Risks: Markets Wrap
(Bloomberg) -- Asian stocks and U.S. equity futures slid Tuesday amid concerns about tightening monetary policy, geopolitical tension and breathtaking volatility on Wall Street. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateChina’s ‘Little Giants’ Are Its Latest Weapon in the U.S. Tech WarHong Kong Billionaire Loses Half Her Fortune on China ProbeBitcoin Snaps Slide as Broader Risk Rally Helps to
Business
Reuters
FOREX-Yen jumps, euro slumps amid Ukraine tensions, Fed jitters
The safe-haven yen and U.S. dollar rose on Tuesday while the risk-sensitive New Zealand dollar fell with the euro amid escalating worries about both a potential military conflict in Ukraine and a faster pace of Federal Reserve policy tightening. The Australian dollar rose briefly after strong consumer price numbers boosted the case for a Reserve Bank interest rate increase this year, but then succumbed to the sell-off in riskier assets. The Fed begins a two-day policy meeting later in the global day, and investors will be anxious for any hints on the timing and pace of rate hikes, as well as about how fast the central bank will shrink its more-than $8 trillion holdings of Treasuries and mortgage debt.