Technology

Bitcoin price fluctuations increasingly mirror the broader tech stock market, as the recent downturn shows, belying its goal of hedging against inflation (David Yaffe-Bellany/New York Times)

Photo of Grace Will Grace Will May 12, 2022
Less than a minute
Bitcoin price fluctuations increasingly mirror the broader tech stock market, as the recent downturn shows, belying its goal of hedging against inflation (David Yaffe-Bellany/New York Times)
[ad_1]

David Yaffe-Bellany / New York Times:

Bitcoin price fluctuations increasingly mirror the broader tech stock market, as the recent downturn shows, belying its goal of hedging against inflation  —  The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.



[ad_2]

Share this news on your Fb,Twitter and Whatsapp

File source

Times News Network:Latest News Headlines
Times News Network||Health||New York||USA News||Technology||World News

No related posts.

Tags
Show More
Photo of Grace Will

Grace Will

Related Articles

Photo of As music from Universal Music Group artists disappears from TikTok, creators turn to royalty-free, almost-contextless sound clips (Reece Rogers/Wired)

As music from Universal Music Group artists disappears from TikTok, creators turn to royalty-free, almost-contextless sound clips (Reece Rogers/Wired)

March 3, 2024
Photo of A US judge says Google must face advertisers' antitrust lawsuit, but dismisses some claims, including those focused on ad-buying tools used by large advertisers (Reuters)

A US judge says Google must face advertisers' antitrust lawsuit, but dismisses some claims, including those focused on ad-buying tools used by large advertisers (Reuters)

March 3, 2024
Photo of Supermicro, a beneficiary of the AI boom, joins the S&P 500 after its stock grew 20x+ in the past two years and 200%+ in 2024, pushing its market cap past $50B (Kif Leswing/CNBC)

Supermicro, a beneficiary of the AI boom, joins the S&P 500 after its stock grew 20x+ in the past two years and 200%+ in 2024, pushing its market cap past $50B (Kif Leswing/CNBC)

March 3, 2024
Photo of iiMedia Research: China's food delivery market reached $208B in 2023, 2.3x the size in 2020; Meituan and Ele.me employ over 10M gig workers combined (Takashi Kawakami/Nikkei Asia)

iiMedia Research: China's food delivery market reached $208B in 2023, 2.3x the size in 2020; Meituan and Ele.me employ over 10M gig workers combined (Takashi Kawakami/Nikkei Asia)

March 3, 2024

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close