Tag: markets

The cryptocurrency market experienced a significant downturn as geopolitical tensions in the Middle East and looming economic decisions triggered a wave of selling. Bitcoin briefly dropped below the $60,000 mark, and Ethereum, XRP and other major cryptocurrencies tanked. The total market capitalization of all cryptocurrencies has lost over $250 billion...

And then, sure enough, the Federal Reserve—doing its best impression of a well-meaning colossus– is prepared to “support liquidity” during a crypto market meltdown. Don’t worry, Boston Fed President Susan Collins promises us—they’ve got the tools to intervene if things get dicey. But before we pop the bubbly in exuberance,...