Crypto investor Barry Silbert offers sympathy and advice to those who have lost fortunes this week - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

Crypto investor Barry Silbert offers sympathy and advice to those who have lost fortunes this week

PublisherPublisher
MarketWatch

Sat, May 14, 2022

Banner

Aliens TLDR

See also: How a bitcoin market ‘in extreme fear’ compares with the past, and what to expect next Victims of the bloodbath — which comes amid a broader stock market rout — range from the billionaire crypto titans who run leading marketplaces such as Coinbase COIN, +16.02% and Binance to lowly retail investors who have poured their life savings into cryptocurrencies.

The Winklevoss twins and other cryptocurrency moguls who bet big on bitcoin have seen their fortunes plummet in recent weeks during a steep selloff in the market, the New York Post reported .

“I lost over 450k usd, I cannot pay the bank,” reads one of the top posts on the Reddit forum for Terra Luna, a cryptocurrency that has lost more than 99% of its value over the past week.

Bitcoin BTCUSD, -0.82% was trading around $28,300 Thursday afternoon, down 20% over the past week and nearly 60% lower than its all-time high of $69,000 in November 2021.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Ethereum Beacon Chain experiences seven block reorg: What's going on?

Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According t
FX Street
·

3h

Ethereum

Recommended Stories

Article

Bitcoin ($BTC) and Crypto Are Now JPMorgan’s Preferred Alternative Asset

Article

Tezos [XTZ]: Important checkpoints if investors are planning to cut losses

Article

How Google’s New Crypto Ad Policy Works

Article

New DeFi Index Targets ‘Proven’ Blue-chip Assets

Article

Shiba Inu: Here’s what all that whaling around is doing to SHIB

Article

Footprint Analytics grows funding to $4.15M in seed plus round

Article

Crypto Analyst Explains Why Cardano ($ADA) Remains a Top 10 Cryptoasset

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise