(Jan 22): For Bitcoin, there’s only been one constant recently: decline after decline after decline. With the US Federal Reserve (Fed) intending to withdraw stimulus from the market, riskier assets the world over have suffered. Bitcoin’s decline since that November high has wiped out more than US$600 billion in market value, and over US$1 trillion has been lost from the aggregate crypto market. “It gives an idea of the scale of value destruction that percentage declines can mask,” wrote Bespoke analysts in a note. “This flagged a jump in bearish sentiment, in line with overall market jitters given the current macro uncertainty,” she said.

Source: The Edge Markets January 22, 2022 16:06 UTC