Bitcoin falls to near 19K, down more than 70% since 2021 high
A number of factors ranging from inflation to hiring freezes to industry-wide pressures have caused Bitcoin and other cryptocurrencies to lose significant value.
Blockchain expert rips crypto lender Celsius freezing accounts: ‘It’s unfortunate’
Ava Labs President John Wu draws a comparison between Celsius freezing accounts due to market volatility and the Robinhood debacle that unfolded over GameStop.
Stuart Varney: Recession seems inevitable
FOX Business' Stuart Varney discusses the 'serious repercussions' for the economy and politicians as inflation continues to wreak havoc on everyday Americans
Should investors buy crypto now amid crash?
Bitwise Asset Management CIO Matt Hougan makes his case for buying cryptocurrency now amid bear market selloff.
Crypto selling platforms fear financial 'implosion' from persistent 'selling pressure,' says expert
Ledn Inc co-founder and CSO Mauricio Di Bartolomeo provides input on cryptocurrency markets following the Federal Reserve's highest rate hike since 1994.
Crypto selling platforms fear ‘implosion’ from persistent ‘selling pressure’: Ledn Inc co-founder
Mauricio Di Bartolomeo on the cryptocurrency markets and its continued volatility on ‘Mornings with Maria.’
Invest Diva CEO on recent crypto volatility
Invest Diva CEO Kiana Danial, the author of 'Cryptocurrency Investing For Dummies,' notes that 'we are in tough times right now' as inflation has been impacting stocks and the crypto market.
Cryptocurrency Terra crash triggered 'fear' in the markets, says expert
Blockchain fund founder Kavita Gupta said that the crypto price correction was expected in response to Bitcoin hitting an 18-month low on "Mornings with Maria."
Bitcoin hits 18-month low
Delta Blockchain Fund founder and general partner Kavita Gupta discusses volatility in the crypto market on ‘Mornings with Maria.’
Terra loss triggered ‘fear’ in the market: Expert
Delta Blockchain Fund founder and general partner Kavita Gupta weighs in on the cryptocurrency crash.
Bitcoin price trades around $21,000 as crypto firms announce layoffs
Bitcoin continues to decline following the latest inflation report and the announcement by one exchange that it is laying off 18% of its workforce.
SEC launches insider trading inquiry into crypto exchanges
The SEC is eyeing crypto exchanges including Binance, Coinbase, FTX and Crypto.com FOX Business has learned.
Has the Fed already created a recession?
Euro Pacific Capital chief economist Peter Schiff provides insight on Bitcoin cryptocurrency and how the Federal Reserve should respond to inflation on 'Making Money.'
Bear markets and crypto are different: MittGroup CEO
MittGroup CEO Grant Mitterlehner on advice for investors maneuvering through their first crypto crash and the fate of Bitcoin as it plunges below $23K.
Early Bitcoin investor feels pain of crypto crash: ‘Nervous,’ but market ‘recovers’ in long-term
Bitcoin investor Nikki Beesetti joined "Varney & Co.," Tuesday, to provide insight into the crypto market crash and how it impacts her investments in the currency.
Pete Hegseth on progressives' push in education: Here's how bad it is
Fox News host Pete Hegseth discusses his new book 'Battle for the American mind' and the crypto 'crash.'
Bitcoin investor: Cryptocurrency still a ‘long-term investment’
Bitcoin investor Nikki Beesetti says the crypto crash makes her ‘nervous,’ but forecasts the market will ‘recover’ in the long term.
Coinbase lays off 18% of workforce
Coinbase CEO Brian Armstrong said the decision was based on uncertain economic conditions.
Crypto will be ‘stronger ecosystem’ when markets come back, says expert
Crypto expert suggested the crash could be "good for the space" as low-quality projects go to zero and a "huge washout" could be on the horizon.
Crypto will be ‘stronger ecosystem’ when markets come back: Expert
IDX Digital Assets CIO Ben McMillan reacts to the cryptocurrency crash on ‘Mornings with Maria.’
Cryptocurrency FAQs
What is Cryptocurrency?
Cryptocurrency, or crypto, is a form of digital asset that is secured by cryptography and the blockchain. The most notable example of a cryptocurrency is bitcoin, though thousands of other similar assets exist. Cryptocurrencies are regarded by many as the money tech of the future due to their accessibility and un-censorable nature.
How do cryptocurrencies work?
Cryptocurrency networks, or blockchains, are independently verified by a matrix of computers that record all transactions and ensure a consensus throughout the chain. This means that all network information is recorded immutably and permanently; transactions cannot be prevented, blocked, or changed. Network participants can thus trust each other and transact without the need for a centralized intermediary.
How can I buy a cryptocurrency?
There are many markets for cryptocurrencies where you can exchange USD for the cryptocurrency of your choice. These include centralized exchanges and services such as Coinbase and PayPal, or decentralized alternatives like UniSwap where you can swap between crypto-assets. To use a centralized exchange, you’ll need to submit personal information such as your passport or driver’s license. Note that the price of digital assets can change rapidly, so timing your purchases well is essential.
Where can I keep my crypto coins?
Cryptocurrencies can usually be held with the exchange or business you bought them from. However, as these exchanges can be hacked, it is advisable to move your assets to your own personal wallet. These wallets are more secure and can be accessed from your laptop, phone, or other mobile devices.
What can I buy with crypto?
Real work adoption of crypto is still ongoing. However, more businesses are accepting crypto and you can buy goods and services as diverse as real estate, stocks, travel, gambling, websites, and much more. This trend should continue over time as cryptocurrencies become better known, accepted and trusted.
Pros and cons of investing in a cryptocurrency
You may have read the news that crypto has broken all-time highs recently. This is the main advantage, that we are early in the asset’s history and prices have generally gone rapidly upwards. However, you should be aware that volatility is significant and you can similarly lose money quickly if your timing is poor. Security is also a major issue and you must ensure you secure your crypto and transactions well or you could become a victim of theft or fraud.