Since crypto-backed stocks and

2021-05-19

Since crypto-backed stocks and bank stocks are both plummeting, does it suggest that the monetary system is going to face a huge crisis? Will a great reset be possible in the near future?

Crypto stocks tumbled in premarket trading

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Comments

ALIBINHASSAN
2021-05-19
ALIBINHASSAN
What the big boys are saying is....time to sell and buy it back when the price became low by our selling.... Let the small boys suffer... who cares about the small boys buying peanuts and losing cash.
anthonywhite
2021-05-19
anthonywhite
My thesis is the banks and hf are over leveraged, with the low cost of borrowing during covid. With the tightening regulation by DTCC and SEC, they are force to liquidate else they face a margin call

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Will a great reset be possible in the near future?&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Since crypto-backed stocks and bank stocks are both plummeting, does it suggest that the monetary system is going to face a huge crisis? Will a great reset be possible in the near future?&nbsp;</p></body></html>","text":"Since crypto-backed stocks and bank stocks are both plummeting, does it suggest that the monetary system is going to face a huge crisis? Will a great reset be possible in the near future?","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/197020860","repostId":2136822915,"repostType":2,"repost":{"id":"2136822915","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621411736,"share":"https://www.laohu8.com/m/news/2136822915?lang=&edition=full","pubTime":"2021-05-19 16:08","market":"us","language":"en","title":"Crypto stocks tumbled in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2136822915","media":"Tiger Newspress","summary":"Crypto stocks tumbled in premarket trading on Bitcoin sliding below $40,000 after China's fresh cryp","content":"<p>Crypto stocks tumbled in premarket trading&nbsp;on&nbsp;Bitcoin sliding below $40,000 after China's fresh crypto curbs.</p><p><img src=\"https://static.tigerbbs.com/270e4af4516a319658e0395134a1c039\" tg-width=\"369\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p><p>Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.</p><p>Bitcoin , the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk but the news from China sent it as low as $38,514, for a 9% fall.</p><p>The coin is now down 40% from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.</p><p>Bitcoin's moves hit other crypto assets too, with Ether, the coin linked to the ethereum blockchain network, falling 15% to $2,875.36, while meme-based dogecoin tumbled 18%, according to market tracker Coingecko.</p><p>Frankfurt-listed shares in crypto exchange Coinbase slumped 6%, having already dipped below their direct listing price of $250 earlier in the week.</p><p>The crypto declines were sparked last week by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin.</p><p>Selling was exacerbated by China's announcement banning financial institutions and payment companies from providing services related to cryptocurrency transactions. 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It is also heading for its first monthly decline since November 2018.</p><p>Bitcoin's moves hit other crypto assets too, with Ether, the coin linked to the ethereum blockchain network, falling 15% to $2,875.36, while meme-based dogecoin tumbled 18%, according to market tracker Coingecko.</p><p>Frankfurt-listed shares in crypto exchange Coinbase slumped 6%, having already dipped below their direct listing price of $250 earlier in the week.</p><p>The crypto declines were sparked last week by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin.</p><p>Selling was exacerbated by China's announcement banning financial institutions and payment companies from providing services related to cryptocurrency transactions. It also warned investors against speculative crypto trading.</p><p>Cryptowatchers predicted more losses ahead, noting the fall below $40,000 represented a breach of a key technical barrier which could set the stage for more selling.</p><p>More importantly, investors may be shifting from bitcoin back to gold, analysts at JPMorgan said, citing positioning data compiled on basis of open interest in CME bitcoin futures contracts.</p><p>This shows \"the steepest and more sustained liquidation\" in bitcoin futures since last October, they told clients, adding: \"the bitcoin flow picture continues to deteriorate and is pointing to continued retrenchment by institutional investors.\"</p><p>The selloff in crypto assets precisely at a time when inflation fears are in the ascendancy dashes any suggestion of the asset class being an inflation hedge.</p><p>Instead, more traditional hedges have been gaining ground, with gold up almost 6% so far this month.</p><p>The recent selloff in bitcoin and other digital currencies has taken market capitalisation of all cryptocurrencies back under $2 trillion, down from the recent $2.5 trillion record.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIOT":"Riot Platforms","SOS":"SOS Limited","MARA":"Marathon Digital Holdings Inc","PYPL":"PayPal","EBON":"亿邦国际"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136822915","content_text":"Crypto stocks tumbled in premarket trading on Bitcoin sliding below $40,000 after China's fresh crypto curbs.Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.Bitcoin , the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk but the news from China sent it as low as $38,514, for a 9% fall.The coin is now down 40% from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.Bitcoin's moves hit other crypto assets too, with Ether, the coin linked to the ethereum blockchain network, falling 15% to $2,875.36, while meme-based dogecoin tumbled 18%, according to market tracker Coingecko.Frankfurt-listed shares in crypto exchange Coinbase slumped 6%, having already dipped below their direct listing price of $250 earlier in the week.The crypto declines were sparked last week by Musk's reversal on Tesla accepting bitcoin as payment. His subsequent tweets caused further confusion over whether the carmaker had shed its holdings of the coin.Selling was exacerbated by China's announcement banning financial institutions and payment companies from providing services related to cryptocurrency transactions. 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Let the small boys suffer... who cares about the small boys buying peanuts and losing cash.","text":"What the big boys are saying is....time to sell and buy it back when the price became low by our selling.... Let the small boys suffer... who cares about the small boys buying peanuts and losing cash.","html":"What the big boys are saying is....time to sell and buy it back when the price became low by our selling.... Let the small boys suffer... who cares about the small boys buying peanuts and losing cash.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":4377331,"gmtCreate":1621412743724,"gmtModify":1680789682225,"authorId":3582056888971510,"author":{"id":3582056888971510,"authorId":3582056888971510,"name":"anthonywhite","avatar":"https://static.tigerbbs.com/0526b170aa6ae84256c1c1104ce0f4f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197020860,"type":1,"supId":0,"prevId":0,"content":"My thesis is the banks and hf are over leveraged, with the low cost of borrowing during covid. With the tightening regulation by DTCC and SEC, they are force to liquidate else they face a margin call","text":"My thesis is the banks and hf are over leveraged, with the low cost of borrowing during covid. With the tightening regulation by DTCC and SEC, they are force to liquidate else they face a margin call","html":"My thesis is the banks and hf are over leveraged, with the low cost of borrowing during covid. With the tightening regulation by DTCC and SEC, they are force to liquidate else they face a margin call","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/197020860"}