Crypto Espresso: Your quick shot of the latest crypto moves and news
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Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
Well… so much for being ‘the new gold’, an inflation hedge, a store of value in these uncertain times. Cryptocurrencies plummeted as Putin’s army stormed Ukraine, wiping US$200 million off the market.
Nonetheless, cryptocurrency firms are insisting that Bitcoin is not a risk-on asset, and it seems as though their tactics worked. Most of the majors still managed to closed in the green on Thursday, (except for Doge, coz… come on), demonstrating there are clearly some true believers among us.
Meanwhile, the departure of JPMorgan MD, Christine Moy, is the latest sign that Wall Street is going to have a hard time retaining top talent as crypto and Web3 firms come calling. Weird time time to be jumping ship from plum TradFi jobs IOHO, but then it’s 2022, so…
Harmoney (ONE) fell 15%, TORN retreated after spiking to a two-month high last week, and Nukkleus is going public via a $140m merger with Brilliant Acquisition.
Capitalism got to capital, we guess.
Let’s dig in.
Prominent cryptocurrencies were mixed at close of market on Thursday with Bitcoin up 1.96%, Ethereum up 0.78%, and Litecoin up 2.40%. Bitcoin Cash was 4.21% higher and Dogecoin was down 3.62%.
JPMorgan Managing Director Christine Moy’s departure from the investment bank is the latest sign that Wall Street firms will face headwinds retaining top talent from jumping for opportunities in the crypto and Web3 space.
Russia’s invasion of Ukraine has sent cryptocurrencies plummeting as Bitcoin and other digital coins reacted to the news in tandem with stocks.
Fast and secure dApps platform Harmony (ONE) fell 15% on 24 February as the market reacted strongly to Russia’s invasion of Ukraine. This is a look at whether the ONE token can rebound.
The price for the Tornado Cash cryptocurrency (TORN) has retreated after spiking last week to a two-month high. A look at its prospects for the year.
Financial trading software company Nukkleus is going public via a $140m merger with shell company Brilliant Acquisition that values the company at 90% of its current market capitalisation, the companies announced jointly.
Some US$200m was wiped off the cryptocurrency market as Russia launched a full-scale invasion of Ukraine.
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