Cryptocurrency

The S&P 500 and the Nasdaq have both dropped because of double figures, with the former approaching a 32 percent drop.

Coinbase will slash 18 percent of full-time employment. A possible recession, the need to manage costs, and starting to grow too rapidly throughout a speculative bubble were all mentioned by CEO Brian Armstrong.

Bitcoin fell below $23,000 on Monday, its lowest level since December 2020. A business named Celsius has temporarily put a halt to all withdrawals, raising concerns about a possible virus spreading across the crypto market

Tesla bull Leo Koguan wrote in a tweet to Martin Viecha, senior director of corporate communications, that the firm should immediately announce intent to purchase back $5 billion of stocks

Luna Foundation Guard spent virtually all of its bitcoin reserves in a failed effort to preserve terraUSD. TerraUSD, or UST for short, has dropped far below its $1 target.

GameStop’s stock soared more than 301% at one stage and was repeatedly suspended due to the fluctuation. The stock of movie theater company AMC Entertainment increased by more than 8.3%, down from a peak of more than 20.02 percent.

Bitcoin has fallen under the $28,000 mark. Ether dropped over 12.8% to $1,838.

Terra USD aspired to a one-to-one exchange rate with the US dollar. In a widespread selloff, Do Kwon’s token reached a low of 60 cents.