Three mechanisms for crypto contagion
How to make sense of bitcoin’s plight
This year’s Juneteenth holiday in America gave crypto buffs little time to reflect or rejoice. On June 18th bitcoin reached a low of $17,600—its first tumble below $20,000 since 2020—before recovering a little the next day. The sell-off sparked over $1bn in liquidations, as traders who had borrowed money to make big bets failed to post more collateral.
This article appeared in the Finance & economics section of the print edition under the headline “Blockchain reaction”
Finance & economics June 25th 2022
- Can the Fed pull off a controlled slowdown of the housing market?
- Is the euro zone’s doom loop still to be feared?
- How inflation and interest rates might affect Italy’s budget
- Three mechanisms for crypto contagion
- After a golden decade, fintech faces its first true test
- How attractively are shares now priced?
- Why is inflation relatively low in some places?
- The Bank of Japan v the markets
From the June 25th 2022 edition
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