Forbes (March 4)
“The bitcoin price has topped $60,000 per bitcoin, making it a $1 trillion asset again,” reigniting concerns of possible fallout on the economy should its price tumble. Still, the wind appears to be with bitcoin. “Bank of America analysts have warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—fueling a bitcoin price surge.”
Tags: $1 trillion, $60k, 100 days, Analysts, Asset, Bitcoin, BoA, Concerns, Debt load, Economy, Fallout, Reigniting, Tumble, U.S.
New York Times (September 7)
“Shares in Apple, the world’s most valuable public company, continued to tumble on Thursday” amid reports of a China “ban on iPhones for government workers.” Apple looks poised “to lose $200 billion of market value, with shares falling about 6 percent over two days to roughly $175.” Ultimately, however, “the ripples will be felt more broadly: If one of the most successful operators in the world’s second-largest economy is at risk, can any Western company thrive there?”
Tags: $200 billion, Apple, Ban, China, Economy, Government workers, iPhones, Market value, Ripples, Risk, Shares, Successful, Thrive, Tumble, Valuable, Western company
Forbes (March 5)
“The bitcoin price had rocketed by 50% since the beginning of 2023 but stalled out and crashed back, wiping away $100 billion… and reviving fears other crypto companies could follow FTX into bankruptcy.” Silvergate appears likely to be the next to tumble. The crypto bank “is teetering on the verge of collapse—with one short-seller predicting the bank will implode this week.”
Tags: $100 billion, 2023, Bank, Bankruptcy, Bitcoin, Collapse, Crashed, Crypto, Fears, FTX, Price, Short-seller, Silvergate, Stalled, Teetering, Tumble
Wall Street Journal (October 16)
“Stocks slumped most of last week. Then they unexpectedly surged Thursday, only to tumble again Friday.” The wild swings may be driven by “a classic bear-market rally: a case of beaten-down markets temporarily bouncing higher, only to resume selling off.”
Tags: Bear-market rally, Bouncing higher, Markets, Selling off, Slumped, Stocks, Surged, Tumble, Unexpectedly, Wild swings
