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Bitcoin Slumps Toward Another ‘Crypto Winter’
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Now, they are experiencing the other side of that ride.</p>\n<p>Bitcoin rose from $5,000 in March 2020 to nearly $64,000 by April 2021. It then plummeted to as low as $29,002; Friday it settled at $32,212.</p>\n<p>As severe as the recent selloff is, though, it isn’t close to being the worst in the digital currency’s 12-year history.</p>\n<p>Since 2012, bitcoin has endured 14 selloffs of more than 30%, six of more than 50%, and three of more than 80%, according to data from Visual Capitalist.</p>\n<p>The deepest of those selloffs have been followed by long periods of flat trading. It’s a cycle that has come to be called “crypto winter.”</p>\n<p>In October and November 2013, bitcoin rose 10-fold and then fell 87% through January 2016. In 2017, the price rose nearly 20 times, and then fell 84% over the next year. It didn’t recover its previous high until late 2020.</p>\n<p>Bitcoin is driven mostly by sentiment and risk appetite, said DailyFX analyst Peter Hanks. Once an asset driven by those factors starts falling, it’s easier for it to keep falling, he said.</p>\n<p>“I think bitcoin is certainly headed for more losses here,” Mr. Hanks said. With $30,000 having been pierced, the next major level is $20,000, he said. “If it breaks that, then crypto winter is certainly back on the docket.”</p>\n<p>Each cycle’s rally has been driven by a new group of buyers, and each selloff has seen many of them leave the market. That may be happening again. Bitcoin’s biggest problem isn’ta crackdown by Chinaon cryptocurrencies or Elon Musk’ssnarky tweets, said J.P. Morgan analyst Nikolaos Panigirtzoglou. Its problem is money leaving the asset class.</p>\n<p>“More than a month after the May 19th crypto crash, bitcoin funds continue to bleed,” he wrote in a report. “Institutional investors, who tend to invest via regulated vehicles such as publicly listed bitcoin funds or CME Bitcoin futures, still exhibit little appetite to buy the bitcoin dip.”</p>\n<p>For the week ended June 18, crypto funds saw outflows of $79 million, according to investment firmCoinShares.That was a third straight week of outflows, totaling $211 million. The skid marked the longest such streak since February 2018.</p>\n<p>Bitcoin-only funds, the firm noted, endured a sixth straight week of outflows: $89 million last week, and $246 million in total for the first three weeks of June.</p>\n<p>Many in the market still believe institutional money will come back, though it might take longer than expected, said Sam Bankman-Fried, the founder of crypto exchange FTX. Still, a lot of the businesses in the sector did well in this last cycle and are in a good position to weather a downturn. And he still expects more institutional investors will show up, eventually.</p>\n<p>“Overall, I think this is a lot less deflated and grim than previous drawdowns,” he said.</p>","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 Slumps Toward Another ‘Crypto Winter’</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 Slumps Toward Another ‘Crypto Winter’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 14:47 GMT+8 <a href=https://www.wsj.com/articles/bitcoin-slumps-toward-another-crypto-winter-11624699802?mod=markets_lead_pos5><strong>WSJ</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New bitcoin investors felt the thrill of the digital currency’s most recent epic rally. Now, they are experiencing the other side of that ride.\nBitcoin rose from $5,000 in March 2020 to nearly $64,000...</p>\n\n<a href=\"https://www.wsj.com/articles/bitcoin-slumps-toward-another-crypto-winter-11624699802?mod=markets_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.wsj.com/articles/bitcoin-slumps-toward-another-crypto-winter-11624699802?mod=markets_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140232358","content_text":"New bitcoin investors felt the thrill of the digital currency’s most recent epic rally. Now, they are experiencing the other side of that ride.\nBitcoin rose from $5,000 in March 2020 to nearly $64,000 by April 2021. It then plummeted to as low as $29,002; Friday it settled at $32,212.\nAs severe as the recent selloff is, though, it isn’t close to being the worst in the digital currency’s 12-year history.\nSince 2012, bitcoin has endured 14 selloffs of more than 30%, six of more than 50%, and three of more than 80%, according to data from Visual Capitalist.\nThe deepest of those selloffs have been followed by long periods of flat trading. It’s a cycle that has come to be called “crypto winter.”\nIn October and November 2013, bitcoin rose 10-fold and then fell 87% through January 2016. In 2017, the price rose nearly 20 times, and then fell 84% over the next year. It didn’t recover its previous high until late 2020.\nBitcoin is driven mostly by sentiment and risk appetite, said DailyFX analyst Peter Hanks. Once an asset driven by those factors starts falling, it’s easier for it to keep falling, he said.\n“I think bitcoin is certainly headed for more losses here,” Mr. Hanks said. With $30,000 having been pierced, the next major level is $20,000, he said. “If it breaks that, then crypto winter is certainly back on the docket.”\nEach cycle’s rally has been driven by a new group of buyers, and each selloff has seen many of them leave the market. That may be happening again. Bitcoin’s biggest problem isn’ta crackdown by Chinaon cryptocurrencies or Elon Musk’ssnarky tweets, said J.P. Morgan analyst Nikolaos Panigirtzoglou. Its problem is money leaving the asset class.\n“More than a month after the May 19th crypto crash, bitcoin funds continue to bleed,” he wrote in a report. “Institutional investors, who tend to invest via regulated vehicles such as publicly listed bitcoin funds or CME Bitcoin futures, still exhibit little appetite to buy the bitcoin dip.”\nFor the week ended June 18, crypto funds saw outflows of $79 million, according to investment firmCoinShares.That was a third straight week of outflows, totaling $211 million. The skid marked the longest such streak since February 2018.\nBitcoin-only funds, the firm noted, endured a sixth straight week of outflows: $89 million last week, and $246 million in total for the first three weeks of June.\nMany in the market still believe institutional money will come back, though it might take longer than expected, said Sam Bankman-Fried, the founder of crypto exchange FTX. Still, a lot of the businesses in the sector did well in this last cycle and are in a good position to weather a downturn. And he still expects more institutional investors will show up, eventually.\n“Overall, I think this is a lot less deflated and grim than previous drawdowns,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125470200,"gmtCreate":1624689181200,"gmtModify":1703843722473,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>APEAPEAPE","listText":"<a href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>APEAPEAPE","text":"$Clover Health 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STONKS","text":"$AMC Entertainment(AMC)$Ape not stonk, APEAPEAPE TOGETHER STONKS","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125447654","isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125447341,"gmtCreate":1624689078883,"gmtModify":1703843720369,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>APEAPEAPE","listText":"<a 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Apeape?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122098228","repostId":"2146256160","repostType":4,"repost":{"id":"2146256160","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624584636,"share":"https://ttm.financial/m/news/2146256160?lang=&edition=fundamental","pubTime":"2021-06-25 09:30","market":"us","language":"en","title":"BlackBerry first-quarter revenue beats expectations, shares rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2146256160","media":"Reuters","summary":"June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates fo","content":"<p>June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates for quarterly revenue on Thursday, lifted by a rebound in demand for its QNX operating software and cybersecurity products.</p>\n<p>U.S.-listed shares of the company were up 1.3% at $12.84 in extended trading.</p>\n<p>Revenue fell to $174 million in the first quarter ended May 31 from $206 million a year earlier, but beat analysts' average estimate of $171.25 million, according to Refinitiv-IBES data.</p>\n<p>Demand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic.</p>\n<p>A boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars.</p>\n<p>Net loss in the quarter narrowed to $62 million, or 11 cents per share, from $636 million, or $1.14 cents per share, a year earlier.</p>\n<p>The company was also <a href=\"https://laohu8.com/S/AONE\">one</a> of the \"meme stocks\" that received major attention from investors after a social-media driven retail short-squeeze frenzy. BlackBerry's shares are up over 90% so far this year.</p>","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>BlackBerry first-quarter revenue beats expectations, shares rise</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\">\nBlackBerry first-quarter revenue beats expectations, shares rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-25 09:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates for quarterly revenue on Thursday, lifted by a rebound in demand for its QNX operating software and cybersecurity products.</p>\n<p>U.S.-listed shares of the company were up 1.3% at $12.84 in extended trading.</p>\n<p>Revenue fell to $174 million in the first quarter ended May 31 from $206 million a year earlier, but beat analysts' average estimate of $171.25 million, according to Refinitiv-IBES data.</p>\n<p>Demand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic.</p>\n<p>A boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars.</p>\n<p>Net loss in the quarter narrowed to $62 million, or 11 cents per share, from $636 million, or $1.14 cents per share, a year earlier.</p>\n<p>The company was also <a href=\"https://laohu8.com/S/AONE\">one</a> of the \"meme stocks\" that received major attention from investors after a social-media driven retail short-squeeze frenzy. BlackBerry's shares are up over 90% so far this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BB":"黑莓"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146256160","content_text":"June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates for quarterly revenue on Thursday, lifted by a rebound in demand for its QNX operating software and cybersecurity products.\nU.S.-listed shares of the company were up 1.3% at $12.84 in extended trading.\nRevenue fell to $174 million in the first quarter ended May 31 from $206 million a year earlier, but beat analysts' average estimate of $171.25 million, according to Refinitiv-IBES data.\nDemand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic.\nA boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars.\nNet loss in the quarter narrowed to $62 million, or 11 cents per share, from $636 million, or $1.14 cents per share, a year earlier.\nThe company was also one of the \"meme stocks\" that received major attention from investors after a social-media driven retail short-squeeze frenzy. BlackBerry's shares are up over 90% so far this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169647747,"gmtCreate":1623835115589,"gmtModify":1703820882780,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> APES TOGETHER STRONG","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> APES TOGETHER STRONG","text":"$Clover Health Corp(CLOV)$ APES TOGETHER STRONG","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169647747","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":125470009,"gmtCreate":1624689161501,"gmtModify":1703843721338,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>APEAPEAPEAPEAPE","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>APEAPEAPEAPEAPE","text":"$BlackBerry(BB)$APEAPEAPEAPEAPE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/125470009","isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169647747,"gmtCreate":1623835115589,"gmtModify":1703820882780,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> APES TOGETHER STRONG","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a> APES TOGETHER STRONG","text":"$Clover Health Corp(CLOV)$ APES TOGETHER STRONG","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169647747","isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159977246,"gmtCreate":1624939202085,"gmtModify":1703848421510,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>APES TOGETHER STONKS ","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>APES TOGETHER STONKS ","text":"$BlackBerry(BB)$APES TOGETHER STONKS","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159977246","isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122098228,"gmtCreate":1624587046564,"gmtModify":1703841060141,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"Apeapeape! Apeape?","listText":"Apeapeape! Apeape?","text":"Apeapeape! Apeape?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122098228","repostId":"2146256160","repostType":4,"repost":{"id":"2146256160","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624584636,"share":"https://ttm.financial/m/news/2146256160?lang=&edition=fundamental","pubTime":"2021-06-25 09:30","market":"us","language":"en","title":"BlackBerry first-quarter revenue beats expectations, shares rise","url":"https://stock-news.laohu8.com/highlight/detail?id=2146256160","media":"Reuters","summary":"June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates fo","content":"<p>June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates for quarterly revenue on Thursday, lifted by a rebound in demand for its QNX operating software and cybersecurity products.</p>\n<p>U.S.-listed shares of the company were up 1.3% at $12.84 in extended trading.</p>\n<p>Revenue fell to $174 million in the first quarter ended May 31 from $206 million a year earlier, but beat analysts' average estimate of $171.25 million, according to Refinitiv-IBES data.</p>\n<p>Demand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic.</p>\n<p>A boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars.</p>\n<p>Net loss in the quarter narrowed to $62 million, or 11 cents per share, from $636 million, or $1.14 cents per share, a year earlier.</p>\n<p>The company was also <a href=\"https://laohu8.com/S/AONE\">one</a> of the \"meme stocks\" that received major attention from investors after a social-media driven retail short-squeeze frenzy. BlackBerry's shares are up over 90% so far this year.</p>","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>BlackBerry first-quarter revenue beats expectations, shares rise</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\">\nBlackBerry first-quarter revenue beats expectations, shares rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-25 09:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates for quarterly revenue on Thursday, lifted by a rebound in demand for its QNX operating software and cybersecurity products.</p>\n<p>U.S.-listed shares of the company were up 1.3% at $12.84 in extended trading.</p>\n<p>Revenue fell to $174 million in the first quarter ended May 31 from $206 million a year earlier, but beat analysts' average estimate of $171.25 million, according to Refinitiv-IBES data.</p>\n<p>Demand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic.</p>\n<p>A boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars.</p>\n<p>Net loss in the quarter narrowed to $62 million, or 11 cents per share, from $636 million, or $1.14 cents per share, a year earlier.</p>\n<p>The company was also <a href=\"https://laohu8.com/S/AONE\">one</a> of the \"meme stocks\" that received major attention from investors after a social-media driven retail short-squeeze frenzy. BlackBerry's shares are up over 90% so far this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BB":"黑莓"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146256160","content_text":"June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates for quarterly revenue on Thursday, lifted by a rebound in demand for its QNX operating software and cybersecurity products.\nU.S.-listed shares of the company were up 1.3% at $12.84 in extended trading.\nRevenue fell to $174 million in the first quarter ended May 31 from $206 million a year earlier, but beat analysts' average estimate of $171.25 million, according to Refinitiv-IBES data.\nDemand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic.\nA boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars.\nNet loss in the quarter narrowed to $62 million, or 11 cents per share, from $636 million, or $1.14 cents per share, a year earlier.\nThe company was also one of the \"meme stocks\" that received major attention from investors after a social-media driven retail short-squeeze frenzy. BlackBerry's shares are up over 90% so far this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125447341,"gmtCreate":1624689078883,"gmtModify":1703843720369,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>APEAPEAPE","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>APEAPEAPE","text":"$Histogenics(OCGN)$APEAPEAPE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125447341","isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125447654,"gmtCreate":1624689124578,"gmtModify":1703843720693,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Ape not stonk, APEAPEAPE TOGETHER STONKS","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Ape not stonk, APEAPEAPE TOGETHER STONKS","text":"$AMC Entertainment(AMC)$Ape not stonk, APEAPEAPE TOGETHER STONKS","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125447654","isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159974718,"gmtCreate":1624939171034,"gmtModify":1703848420373,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>APEAPEAPE","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>APEAPEAPE","text":"$Histogenics(OCGN)$APEAPEAPE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159974718","isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125444716,"gmtCreate":1624689058635,"gmtModify":1703843719562,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UA\">$Under Armour(UA)$</a>APEAPEAPE","listText":"<a href=\"https://laohu8.com/S/UA\">$Under Armour(UA)$</a>APEAPEAPE","text":"$Under Armour(UA)$APEAPEAPE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125444716","isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127731541,"gmtCreate":1624868321283,"gmtModify":1703846596462,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3576626591212005\">@kyheng</a>:Noo bitcoinnnn. APEAPEAPE","listText":"//<a href=\"https://laohu8.com/U/3576626591212005\">@kyheng</a>:Noo bitcoinnnn. APEAPEAPE","text":"//@kyheng:Noo bitcoinnnn. APEAPEAPE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127731541","repostId":"1140232358","repostType":4,"repost":{"id":"1140232358","pubTimestamp":1624862850,"share":"https://ttm.financial/m/news/1140232358?lang=&edition=fundamental","pubTime":"2021-06-28 14:47","market":"us","language":"en","title":"Bitcoin Slumps Toward Another ‘Crypto Winter’","url":"https://stock-news.laohu8.com/highlight/detail?id=1140232358","media":"WSJ","summary":"New bitcoin investors felt the thrill of the digital currency’s most recent epic rally. Now, they ar","content":"<p>New bitcoin investors felt the thrill of the digital currency’s most recent epic rally. Now, they are experiencing the other side of that ride.</p>\n<p>Bitcoin rose from $5,000 in March 2020 to nearly $64,000 by April 2021. It then plummeted to as low as $29,002; Friday it settled at $32,212.</p>\n<p>As severe as the recent selloff is, though, it isn’t close to being the worst in the digital currency’s 12-year history.</p>\n<p>Since 2012, bitcoin has endured 14 selloffs of more than 30%, six of more than 50%, and three of more than 80%, according to data from Visual Capitalist.</p>\n<p>The deepest of those selloffs have been followed by long periods of flat trading. It’s a cycle that has come to be called “crypto winter.”</p>\n<p>In October and November 2013, bitcoin rose 10-fold and then fell 87% through January 2016. In 2017, the price rose nearly 20 times, and then fell 84% over the next year. It didn’t recover its previous high until late 2020.</p>\n<p>Bitcoin is driven mostly by sentiment and risk appetite, said DailyFX analyst Peter Hanks. Once an asset driven by those factors starts falling, it’s easier for it to keep falling, he said.</p>\n<p>“I think bitcoin is certainly headed for more losses here,” Mr. Hanks said. With $30,000 having been pierced, the next major level is $20,000, he said. “If it breaks that, then crypto winter is certainly back on the docket.”</p>\n<p>Each cycle’s rally has been driven by a new group of buyers, and each selloff has seen many of them leave the market. That may be happening again. Bitcoin’s biggest problem isn’ta crackdown by Chinaon cryptocurrencies or Elon Musk’ssnarky tweets, said J.P. Morgan analyst Nikolaos Panigirtzoglou. Its problem is money leaving the asset class.</p>\n<p>“More than a month after the May 19th crypto crash, bitcoin funds continue to bleed,” he wrote in a report. “Institutional investors, who tend to invest via regulated vehicles such as publicly listed bitcoin funds or CME Bitcoin futures, still exhibit little appetite to buy the bitcoin dip.”</p>\n<p>For the week ended June 18, crypto funds saw outflows of $79 million, according to investment firmCoinShares.That was a third straight week of outflows, totaling $211 million. The skid marked the longest such streak since February 2018.</p>\n<p>Bitcoin-only funds, the firm noted, endured a sixth straight week of outflows: $89 million last week, and $246 million in total for the first three weeks of June.</p>\n<p>Many in the market still believe institutional money will come back, though it might take longer than expected, said Sam Bankman-Fried, the founder of crypto exchange FTX. Still, a lot of the businesses in the sector did well in this last cycle and are in a good position to weather a downturn. And he still expects more institutional investors will show up, eventually.</p>\n<p>“Overall, I think this is a lot less deflated and grim than previous drawdowns,” he said.</p>","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 Slumps Toward Another ‘Crypto Winter’</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 Slumps Toward Another ‘Crypto Winter’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 14:47 GMT+8 <a href=https://www.wsj.com/articles/bitcoin-slumps-toward-another-crypto-winter-11624699802?mod=markets_lead_pos5><strong>WSJ</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New bitcoin investors felt the thrill of the digital currency’s most recent epic rally. Now, they are experiencing the other side of that ride.\nBitcoin rose from $5,000 in March 2020 to nearly $64,000...</p>\n\n<a href=\"https://www.wsj.com/articles/bitcoin-slumps-toward-another-crypto-winter-11624699802?mod=markets_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.wsj.com/articles/bitcoin-slumps-toward-another-crypto-winter-11624699802?mod=markets_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140232358","content_text":"New bitcoin investors felt the thrill of the digital currency’s most recent epic rally. Now, they are experiencing the other side of that ride.\nBitcoin rose from $5,000 in March 2020 to nearly $64,000 by April 2021. It then plummeted to as low as $29,002; Friday it settled at $32,212.\nAs severe as the recent selloff is, though, it isn’t close to being the worst in the digital currency’s 12-year history.\nSince 2012, bitcoin has endured 14 selloffs of more than 30%, six of more than 50%, and three of more than 80%, according to data from Visual Capitalist.\nThe deepest of those selloffs have been followed by long periods of flat trading. It’s a cycle that has come to be called “crypto winter.”\nIn October and November 2013, bitcoin rose 10-fold and then fell 87% through January 2016. In 2017, the price rose nearly 20 times, and then fell 84% over the next year. It didn’t recover its previous high until late 2020.\nBitcoin is driven mostly by sentiment and risk appetite, said DailyFX analyst Peter Hanks. Once an asset driven by those factors starts falling, it’s easier for it to keep falling, he said.\n“I think bitcoin is certainly headed for more losses here,” Mr. Hanks said. With $30,000 having been pierced, the next major level is $20,000, he said. “If it breaks that, then crypto winter is certainly back on the docket.”\nEach cycle’s rally has been driven by a new group of buyers, and each selloff has seen many of them leave the market. That may be happening again. Bitcoin’s biggest problem isn’ta crackdown by Chinaon cryptocurrencies or Elon Musk’ssnarky tweets, said J.P. Morgan analyst Nikolaos Panigirtzoglou. Its problem is money leaving the asset class.\n“More than a month after the May 19th crypto crash, bitcoin funds continue to bleed,” he wrote in a report. “Institutional investors, who tend to invest via regulated vehicles such as publicly listed bitcoin funds or CME Bitcoin futures, still exhibit little appetite to buy the bitcoin dip.”\nFor the week ended June 18, crypto funds saw outflows of $79 million, according to investment firmCoinShares.That was a third straight week of outflows, totaling $211 million. The skid marked the longest such streak since February 2018.\nBitcoin-only funds, the firm noted, endured a sixth straight week of outflows: $89 million last week, and $246 million in total for the first three weeks of June.\nMany in the market still believe institutional money will come back, though it might take longer than expected, said Sam Bankman-Fried, the founder of crypto exchange FTX. Still, a lot of the businesses in the sector did well in this last cycle and are in a good position to weather a downturn. And he still expects more institutional investors will show up, eventually.\n“Overall, I think this is a lot less deflated and grim than previous drawdowns,” he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125470200,"gmtCreate":1624689181200,"gmtModify":1703843722473,"author":{"id":"3584485439933484","authorId":"3584485439933484","name":"Babyfunds","avatar":"https://static.tigerbbs.com/c540aa924d5f8e93b717c0055d2579b2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584485439933484","authorIdStr":"3584485439933484"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>APEAPEAPE","listText":"<a href=\"https://laohu8.com/S/CLOV\">$Clover Health Corp(CLOV)$</a>APEAPEAPE","text":"$Clover Health Corp(CLOV)$APEAPEAPE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125470200","isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}