{"id":401260,"date":"2022-01-29T22:28:00","date_gmt":"2022-01-29T19:28:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/"},"modified":"2022-01-29T22:28:00","modified_gmt":"2022-01-29T19:28:00","slug":"distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/","title":{"rendered":"#Distributed Ledger: Crypto crash: What it means for your digital asset portfolio"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a367e944b6a6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a367e944b6a6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Analysts_lay_out_risks_and_opportunities_in_the_market_downturn\" >Analysts lay out risks and opportunities in the market downturn.<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Crypto_in_a_snap\" >Crypto in a snap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Crypto_Metrics\" >Crypto Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Buying_the_bitcoin_dip\" >Buying the bitcoin dip?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#DeFi_tumbles_NFT_booms\" >DeFi tumbles, NFT booms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Factor_pricing_of_cryptocurrencies\" >Factor pricing of cryptocurrencies\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Crypto_companies_funds\" >Crypto companies, funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Must_Reads\" >Must Reads<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/distributed-ledger-crypto-crash-what-it-means-for-your-digital-asset-portfolio\/#Frances_Yue\" >Frances Yue<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Distributed Ledger: Crypto crash: What it means for your digital asset portfolio<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Analysts_lay_out_risks_and_opportunities_in_the_market_downturn\"><\/span>\n  Analysts lay out risks and opportunities in the market downturn.<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000574693\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000574693\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Hello! Welcome back to Distributed Ledger, our weekly crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter that reaches your inbox every Thursday. I\u2019m Frances Yue, crypto reporter at MarketWatch, and I\u2019ll walk you through the latest and greatest in digital assets this week so far. Find me on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FrancesYue_\" class=\"icon none\">@FrancesYue_<\/a> to send feedback or tell us what you think we should cover. <\/p>\n<p> Subscribe here to the DL newsletter!<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Crypto_in_a_snap\"><\/span><strong>Crypto in a snap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>You know how bad the market has been when the top five performers, among the 100 largest tokens, are all dollar-pegged stablecoins. <\/p>\n<p>Fears around the Fed tightening its easy monetary policy is not fading, and bitcoin<br \/>\n        BTCUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/108573962\/realtime\" class=\"negative\">-0.86%<\/bg-quote><br \/>\n       lost 13.6% over the past seven days. Ether<br \/>\n        ETHUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/108573964\/realtime\" class=\"negative\">-0.24%<\/bg-quote><br \/>\n       is looking at a 22.5% loss over the past seven trading sessions. Federal Reserve Chairman Jerome Powell said on Wednesday that the central bank\u00a0\u201cis of a mind\u201d to raise interest rates in March\u00a0to fight inflation.<\/p>\n<p>Meme token Dogecoin<br \/>\n        DOGEUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/226077044\/realtime\" class=\"negative\">-0.11%<\/bg-quote><br \/>\n       is down 12.5% over the past seven days, while another dog-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a>d token Shiba Inu<br \/>\n        SHIBUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/231473891\/realtime\" class=\"\">0.46<\/bg-quote><br \/>\n       posted a 25.8% loss during the same period.  <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Crypto_Metrics\"><\/span><strong>Crypto Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Biggest Gainers<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Price<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>% 7-day return<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      USD Coin<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $1.01<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Pax Dollar <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $1<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Binance USD <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $1<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Dai<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $1.01<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      TrueUSD <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $1<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <em>Source: CoinGecko as of Jan.<\/em>27<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Biggest Decliners<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Price<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong><strong>% 7-day return<\/strong><\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Convex Finance <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $26.47<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -35.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Secret<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $5.96<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -34%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Harmony <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $0.18<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -33.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Axie Infinity <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $47.90<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -32.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Celsius Network <\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      $2.05<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -32.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <em>Source: Coin<\/em>Gecko as of Jan.27<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h6><span class=\"ez-toc-section\" id=\"Buying_the_bitcoin_dip\"><\/span>Buying the bitcoin dip?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Some analysts argue that bitcoin hasn\u2019t bottomed yet, as we\u2019ve discussed here.\u00a0<\/p>\n<p>However, according to Louis LaValle, managing director at crypto fund manager 3iQ Digital Assets, bitcoin is \u201cat really attractive buying levels if you are a long-term buyer.\u201d <\/p>\n<p>\u201cBecause you could be averaging around a 50% discount versus where we saw the all time highs,\u201d LaValle told Distributed Ledger in an interview.\u00a0<\/p>\n<p>The price range between $30k and $40k is critical for bitcoin. \u201cAt a $30,000 price point, I think most folks are buyers, and at $40,000, what you have to watch is will the trend reverse and will we break out to the upside,\u201d LaValle said.\u00a0<\/p>\n<p>But the range may not hold for an extended period, according to LaValle, as the market eyes the Fed meeting in March, which is less than two months away.\u00a0<\/p>\n<p>\u201cI don\u2019t really think we potentially test below $30k,\u201d LaValle said. \u201cAgain, I think we could, but my rationale is that the risk for those 70% to 80% type drawdowns that we saw in 2014 or 2017 during the last bear cycles is much lower today.\u201d <\/p>\n<p>\u201cBecause we have more public adoption, more institutional investor participation. It\u2019s a much different ecosystem,\u201d LaValle said. \u00a0<\/p>\n<h6><span class=\"ez-toc-section\" id=\"DeFi_tumbles_NFT_booms\"><\/span>DeFi tumbles, NFT booms <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> Most crypto assets have been hit hard, but not equally. <\/p>\n<p>Bitcoin lost 27% for the past month, while ether posted an even larger loss of 38%. DeFi Pulse Index, a capitalization-weighted index that tracks the performance of decentralized finance tokens, is down 39% from a month ago, and down 75% from its all-time high in May.\u00a0<\/p>\n<p>Prices of some DeFi protocols are dragged down by those of blockchains they are built on, such as Ethereum, Solana<br \/>\n        SOLUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/229898318\/realtime\" class=\"negative\">-0.50%<\/bg-quote><br \/>\n       and Avalanche, 3iQ\u2019s LaValle noted. <\/p>\n<p>LaValle also highlighted the amount of leverage on many DeFi protocols. \u201cIf you have forced liquidations or forced selling that\u2019s going to be more pronounced if there\u2019s any cascading effect,\u201d LaValle said.\u00a0<\/p>\n<p>A total of $295.4 million has been liquidated on decentralized credit platforms Aave, Compound and MakerDAO over the past seven days, according to data from Dune Analytics.\u00a0<\/p>\n<p>In contrast with DeFi, non-fungible tokens, or NFTs, are seeing a boom. At OpenSea, the largest NFT marketplace, monthly volume and the number of active traders on Ethereum are both on pace to hit a record in January.\u00a0\u00a0<\/p>\n<p>Rob Frasca, managing director at crypto venture capital fund COSIMO X, said that  although he believes in DeFi\u2019s potential in the long term, NFTs now attracts more attention from the mainstream. \u201cWe\u2019re moving from this kind of early adopters, who are very tech savvy, crypto savvy, to the mainstream, and those people are going to gravitate towards things that they\u2019re familiar with,\u201d Frasca said. <\/p>\n<p>\u201cYou literally go on there and you create an NFT and you\u2019re up and running. Whereas if I try to tell you, \u2018hey, I want you to join a liquidity pool in decentralized finance.\u2019 You\u2019re going to be like, \u2018what\u2019s a liquidity pool,\u2019 right?\u201d Frasca said.\u00a0<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Factor_pricing_of_cryptocurrencies\"><\/span><strong>Factor pricing of cryptocurrencies\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Bitcoin has been trading lately in tandem with the stock market, especially growth stocks. \u201cThis is the case for any emerging sector,\u201d said Will Cong, a professor at Cornell University. <\/p>\n<p>\u201cInitially, when they are small, there are random shocks, random events that are not very related to systematic factors in the economy. But when it grows to be big \u2014 and that\u2019s the case with tech sector as well \u2014 it just becomes more correlated because business have been integrated,\u201d Cong said. <\/p>\n<p>Meanwhile, some systematics factors, such as market, size, momentum, value, and networks, have started to emerge within the crypto space, according to Cong, who co-authored <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3985631\" class=\"icon none\">a 2021 research paper about crypto pricing models<\/a>.\u00a0<\/p>\n<p>Cong\u2019s study noted, among other findings, that portfolios taking long positions in small-cap crypto assets and shorting the large-cap ones tend to generate a significant profit or loss in a short period of time. <\/p>\n<p>It holds true in the recent market turmoil, as the large and medium capitalization index posted a 28% loss in January while the small cap index declined 35%, according to a Tuesday report by research firm Arcane research.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Crypto_companies_funds\"><\/span>Crypto companies, funds<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Shares of most crypto-related companies also suffered from major losses. <\/p>\n<p>Shares of Coinbase Global Inc.<br \/>\n        COIN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/225893452\/composite\" class=\"positive\">+4.34%<\/bg-quote><br \/>\n       \u00a0traded down 4.2% to $169.97 Thursday afternoon, on track to close at a record low. It was down 23% for the past five trading sessions. Michael Saylor\u2019s MicroStrategy Inc.<br \/>\n        MSTR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202561856\/composite\" class=\"positive\">+6.10%<\/bg-quote><br \/>\n      \u00a0traded 8.6% lower on Thursday to $323.36, and has lost 29% over the past five days.<\/p>\n<p>Mining company Riot Blockchain Inc.<br \/>\n        RIOT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209538617\/composite\" class=\"positive\">+9.29%<\/bg-quote><br \/>\n       shares\u00a0fell 6.4% to $13.42, with a 23.1% loss over the past five days. Shares of Marathon Digital Holdings Inc.<br \/>\n        MARA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205886758\/composite\" class=\"positive\">+11.02%<\/bg-quote><br \/>\n       plunged 7.2% to $219.92, and are down 19.4% over the past five days. Another miner, Ebang International Holdings Inc.<br \/>\n        EBON,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/219243771\/composite\" class=\"negative\">-1.07%<\/bg-quote><span>,<\/span><br \/>\n       traded 18% lower at $0.89, with a 2.6% gain over the past five days.<\/p>\n<p>Overstock.com Inc.<br \/>\n        OSTK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200022359\/composite\" class=\"positive\">+9.76%<\/bg-quote><br \/>\n       inched 0.4% lower to $39.60. The shares went down 11% over the five-session period.<\/p>\n<p>Block Inc.<br \/>\n        SQ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205989440\/composite\" class=\"positive\">+4.49%<\/bg-quote><br \/>\n      \u2019 s \u00a0shares\u00a0are down 5% to $105.48, with a 17.4% loss for the week. Tesla Inc.<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/composite\" class=\"positive\">+2.08%<\/bg-quote><span>\u2019s<\/span><br \/>\n       shares traded down 8.7% to $855.60, while its shares logged a 14.1% loss for the past five sessions.<\/p>\n<p>PayPal Holdings Inc.<br \/>\n        PYPL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208054269\/composite\" class=\"positive\">+3.42%<\/bg-quote><br \/>\n       lost 0.7% to $158, while it recorded a 8.5% loss over the five-session stretch. NVIDIA Corp.<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+4.08%<\/bg-quote><br \/>\n       lost 4.11% to $218.36, and was looking at a 9.5% loss over the past five days.<\/p>\n<p>Advanced Micro Devices Inc.<br \/>\n        AMD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208144392\/composite\" class=\"positive\">+2.57%<\/bg-quote><br \/>\n       went down 6.7% to $103.32 and lost 15.2% over the past five trading days, as of Thursday afternoon.<\/p>\n<p>In the fund space, ProShares Bitcoin Strategy ETF<br \/>\n        BITO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/230440344\/composite\" class=\"positive\">+6.54%<\/bg-quote><br \/>\n       was 2.3% lower at $22.69 Thursday, while Valkyrie Bitcoin Strategy ETF<br \/>\n        BTF,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/230473388\/composite\" class=\"positive\">+6.21%<\/bg-quote><br \/>\n       was down 2.6% at $14.05. VanEck Bitcoin Strategy ETF<br \/>\n        XBTF,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/230997909\/composite\" class=\"positive\">+6.35%<\/bg-quote><br \/>\n       fell 2.5% to $35.51. <\/p>\n<p>Grayscale Bitcoin Trust<br \/>\n        GBTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203330852\/delayed\" class=\"positive\">+6.74%<\/bg-quote><br \/>\n       was trading at $24.40, off 4% Thursday afternoon.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Must_Reads\"><\/span>Must Reads<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-26\/crypto-lending-firms-celsius-network-gemini-face-sec-scrutiny?sref=OQBow3f2\" class=\"icon none\">Crypto Lending Firms Celsius Network, Gemini Face SEC Scrutiny<\/a> (Bloomberg)<\/p>\n<\/li>\n<li>\n      IMF urges El Salvador to end bitcoin\u2019s legal tender status as the crypto loses half of its value since November (MarketWatch)<\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/facebooks-cryptocurrency-venture-to-wind-down-sell-assets-11643248799?mod=article_inline\" class=\"icon none\">Facebook\u2019s Cryptocurrency Venture to Wind Down, Sell Assets<\/a> (Wall Street Journal)<\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/business\/2022\/01\/26\/ftx-us-attains-8b-valuation-in-400m-fundraise-including-softbank-temasek-report\/\" class=\"icon none\">FTX US Attains $8B Valuation in $400M Fundraise Including SoftBank, Temasek<\/a> (CoinDesk)<\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-21\/white-house-is-set-to-put-itself-at-center-of-u-s-crypto-policy?sref=OQBow3f2\" class=\"icon none\">White House Is Set to Put Itself at Center of U.S. Crypto Policy<\/a> (Bloomberg)<\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-01-27\/putin-backs-crypto-mining-despite-bank-of-russia-s-hard-line?sref=OQBow3f2\" class=\"icon none\">Putin Backs Crypto Mining Despite Bank of Russia\u2019s Hard Line<\/a> (Bloomberg)<\/p>\n<\/li>\n<\/ul><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Frances Yue\",\"subhead\":\"The Wall Street Journal\",\"list\":[,{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/FrancesYue_\",\"text\":\"@FrancesYue_\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:frances.yue@marketwatch.com\",\"text\":\"frances.yue@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Frances_Yue\"><\/span>Frances Yue<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-78C4-E5595975C5EE%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Distributed Ledger: Crypto crash: What it means for your digital asset portfolio&#8221; Analysts lay out risks and opportunities in the market downturn. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I\u2019m Frances Yue, crypto reporter at MarketWatch, and I\u2019ll walk you through the latest and greatest in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":401261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-429485\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-401260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/401260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=401260"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/401260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/401261"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=401260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=401260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=401260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}