There could be more pain to co

2022-06-30

There could be more pain to come. Miners are liquidating by the minute they mine. And, big names are getting liquidated through risky arbitrages and heavy-leveraging. In short, this is not the bottom.

Bitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BlueDaisy
2022-06-30
BlueDaisy
Still a bubble at this price.
Jeg
2022-06-30
Jeg
ok

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9045146414,"tweetId":"9045146414","gmtCreate":1656585839538,"gmtModify":1676535858337,"author":{"id":4107161170881400,"idStr":"4107161170881400","authorId":4107161170881400,"authorIdStr":"4107161170881400","name":"ThinkOrSwim","avatar":"https://static.itradeup.com/news/456b9d740a0500cd2e7af1a1332c61de","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":6,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>There could be more pain to come. Miners are liquidating by the minute they mine. And, big names are getting liquidated through&nbsp;risky&nbsp;arbitrages and heavy-leveraging. In short, this is not the bottom.</p></body></html>","htmlText":"<html><head></head><body><p>There could be more pain to come. Miners are liquidating by the minute they mine. And, big names are getting liquidated through&nbsp;risky&nbsp;arbitrages and heavy-leveraging. In short, this is not the bottom.</p></body></html>","text":"There could be more pain to come. Miners are liquidating by the minute they mine. And, big names are getting liquidated through risky arbitrages and heavy-leveraging. In short, this is not the bottom.","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9045146414","repostId":2247007449,"repostType":2,"repost":{"id":"2247007449","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1656579910,"share":"https://www.laohu8.com/m/news/2247007449?lang=&edition=full","pubTime":"2022-06-30 17:05","market":"us","language":"en","title":"Bitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011","url":"https://stock-news.laohu8.com/highlight/detail?id=2247007449","media":"Dow Jones","summary":"Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly ","content":"<html><head></head><body><p>Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly drop in a decade as digital assets extended declines.</p><p>Bitcoin has fallen 3.9% over the past 24 hours to $19,282. That&#39;s down from $47,456 at the start of April and some 70% off its peak value reached last November. The quarterly decline of about 59% is the worst since 2011, just two years after it first launched.</p><p>The news that crypto hedge fund Three Arrows will be forced to liquidate its assets, as well as fresh comments from central bankers suggesting more interest-rate hikes are coming, cast a pall over the cryptocurrency industry. Other cryptocurrencies such as Ethereum, Solana, Cardano and Avalanche also were falling on Thursday.</p><p>Federal Reserve Chairman Jerome Powell said Wednesday that he remains focused on reining in the fastest inflation in four decades. Speaking at a conference in Portugal, he was backed up by similar messages from European Central Bank President Christine Lagarde and Bank of England Gov. Andrew Bailey.</p><p>A court in the British Virgin Islands earlier this week ordered Three Arrows to be liquidated. Founded in 2012, the hedge fund at one time managed $10 billion.</p><p>Several other crypto firms also have been running into trouble. Celsius Networks has frozen most transactions. Finblox, another crypto lending platform, on June 16 capped withdrawals and noted it relied on Three Arrows for liquidity. The broker Voyager Digital this week said it had issued Three Arrows with a default notice.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-30 17:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly drop in a decade as digital assets extended declines.</p><p>Bitcoin has fallen 3.9% over the past 24 hours to $19,282. That&#39;s down from $47,456 at the start of April and some 70% off its peak value reached last November. The quarterly decline of about 59% is the worst since 2011, just two years after it first launched.</p><p>The news that crypto hedge fund Three Arrows will be forced to liquidate its assets, as well as fresh comments from central bankers suggesting more interest-rate hikes are coming, cast a pall over the cryptocurrency industry. Other cryptocurrencies such as Ethereum, Solana, Cardano and Avalanche also were falling on Thursday.</p><p>Federal Reserve Chairman Jerome Powell said Wednesday that he remains focused on reining in the fastest inflation in four decades. Speaking at a conference in Portugal, he was backed up by similar messages from European Central Bank President Christine Lagarde and Bank of England Gov. Andrew Bailey.</p><p>A court in the British Virgin Islands earlier this week ordered Three Arrows to be liquidated. Founded in 2012, the hedge fund at one time managed $10 billion.</p><p>Several other crypto firms also have been running into trouble. Celsius Networks has frozen most transactions. Finblox, another crypto lending platform, on June 16 capped withdrawals and noted it relied on Three Arrows for liquidity. The broker Voyager Digital this week said it had issued Three Arrows with a default notice.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2247007449","content_text":"Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly drop in a decade as digital assets extended declines.Bitcoin has fallen 3.9% over the past 24 hours to $19,282. That's down from $47,456 at the start of April and some 70% off its peak value reached last November. The quarterly decline of about 59% is the worst since 2011, just two years after it first launched.The news that crypto hedge fund Three Arrows will be forced to liquidate its assets, as well as fresh comments from central bankers suggesting more interest-rate hikes are coming, cast a pall over the cryptocurrency industry. Other cryptocurrencies such as Ethereum, Solana, Cardano and Avalanche also were falling on Thursday.Federal Reserve Chairman Jerome Powell said Wednesday that he remains focused on reining in the fastest inflation in four decades. Speaking at a conference in Portugal, he was backed up by similar messages from European Central Bank President Christine Lagarde and Bank of England Gov. Andrew Bailey.A court in the British Virgin Islands earlier this week ordered Three Arrows to be liquidated. Founded in 2012, the hedge fund at one time managed $10 billion.Several other crypto firms also have been running into trouble. Celsius Networks has frozen most transactions. Finblox, another crypto lending platform, on June 16 capped withdrawals and noted it relied on Three Arrows for liquidity. The broker Voyager Digital this week said it had issued Three Arrows with a default notice.","news_type":1},"isVote":1,"tweetType":1,"viewCount":377,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":168,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102618707,"commentId":"102618707","gmtCreate":1656602485269,"gmtModify":1663253109127,"authorId":3582677971530678,"author":{"id":3582677971530678,"idStr":"3582677971530678","authorId":3582677971530678,"name":"BlueDaisy","avatar":"https://static.tigerbbs.com/0747094283743978b62fb8b1ee2cf44c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9045146414,"objectIdStr":"9045146414","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Still a bubble at this price.","text":"Still a bubble at this price.","html":"Still a bubble at this price.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102615163,"commentId":"102615163","gmtCreate":1656586839724,"gmtModify":1663253095642,"authorId":3575671256883434,"author":{"id":3575671256883434,"idStr":"3575671256883434","authorId":3575671256883434,"name":"Jeg","avatar":"https://static.tigerbbs.com/19188d205b518e713672d6fbc495455b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9045146414,"objectIdStr":"9045146414","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9045146414"}