Mulling the deepening crisis in crypto as coinbase slashes nearly 20% of its workforce, and Bybit_Official publishes its first-ever 'Bear Market Guide' for traders. liqquidity reports in this morning's First Mover Americas.
"This is very bad, especially for those holding their coins there, but also for the industry as a whole," wrote Mati Greenspan, founder of the cryptocurrency and foreign-exchange analysis firm Quantum Economics, wrote Monday in a newsletter."There isn't much optimism right now. It's been a very brutal bear market."prior to the open of trading in New York. Gold was down 0.5% to $1,823 an ounce; crude oil rose 1% to $122 a barrel.
The U.S. central bank starts a two-day closed-door meeting on Tuesday, and traders are speculating over its likely decision, to be announced Wednesday at 2 p.m. ET. Fed officials had telegraphed the likelihood of a 0.5 percentage point increase, but now some analysts are warning that a
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