Archive: nasdaq composite

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Aave Emerges From Celsius Bankruptcy Unscathed

By Vin Narayanan on July 15, 2022

I wrote extensively about the strong correlation between bitcoin and the Nasdaq Composite and the inverse correlation between bitcoin and the strength of the dollar for Early Investing subscribers today. But crypto’s rich and diverse ecosystem has market forces of its own. And those market forces sometimes lead to unexpected outcomes. When word first leaked that crypto lender Celsius was in trouble, many…

A Strong Dollar Drives Bitcoin’s Price Down

By Vin Narayanan on July 15, 2022

Crypto Market Musings Phew. June inflation numbers came in hot on Wednesday — and the markets mostly yawned. Bitcoin is trading (as of this writing) at around $20,000. It was trading around $21,000 last week. Ethereum is trading around $1,131. It…