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It's been just over a year since the SEC legalized bitcoin spot ETFs. And in that time one thing has become fairly obvious: "Digital gold" may not be the best description. The stock market had a ...
The S&P 500 dropped more than 3% and ended at its lowest level since March 2021, closing below 4,000. The Nasdaq Composite plunged by 4.3% as technology stocks came under renewed pressure.
In line with Bitcoin, the total market capitalization for crypto assets fell 4.6% from $1.06 trillion to $1.02 trillion between 8:18 p.m. to 9:05 p.m. Thursday New York time.
Google Finance was first launched by Google on March 21, 2006. The service featured business and enterprise headlines for many corporations including their financial decisions and major news events. Stock information was available, as were Adobe Flash-based stock price charts which contained marks for major news events and corporate actions.
[1] [7] [8] [9] The website is also a source for crypto exchanges rankings. [ 10 ] In a letter to The Wall Street Journal , Chez explained that the Coinmarketcap delisted Korean exchanges because many users complained about the inaccurate prices; however, he did not expect the effect of the Korean exchange exclusion to be so large.
Market cap is given by the formula =, where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. [ 8 ] For example, if a company has 4 million common shares outstanding and the closing price per share is $20, its market capitalization is then $80 million.
Meanwhile, bitcoin prices jumped more than 3% to top $45,000 for the first time since early 2022, as hopes grew that the SEC will soon approve a spot bitcoin ETF.
According to one 2022 analysis published in The Journal of Alternative Investments, bitcoin was less volatile than oil, silver, US Treasuries, and 190 stocks in the S&P 500 during and after the 2020 stock market crash. [151] The term hodl was created in December 2013 for holding bitcoin rather than selling it during periods of volatility. [152 ...