Bitcoin vs. Bubbles
It has been one year since Bitcoin peaked north of $65,000. Compared to other major bubbles, the 12-month gain leading up to the peak was second best behind silver in 1979/1980, while the 12-month drawdown post peak has been the most severe. Source: @NDR_Research
S&P Cryptocurrency Index has now lost 74% of its value over past 12m.
News of liquidity crunch, imminent collapse/subsequent takeover by rival of one of largest #crypto exchanges, FTX, with broad-based S&P Cryptocurrency Broad DMI tanking 14% (3rd worst day in 2022); has now lost 74% of its value over past 12m. Source; Liz Ann Sonders
How Goldman Sachs makes money
How Goldman Sachs $GS makes money. Source: Genuine Impact
Largest trading partners by country: 2000 vs. 2020
Countries whose largest trading partner is: - China in red - USA in blue Year 2000 vs 2020 Source: Statista
FTX Token is now down 92% from its All-Time-High
FTX was rocked by the collapse of FTX Empire & the drama over potential acquisition of FTX by Binance. FTX was a huge player. According to CoinGecko, FTX was the 4th-largest crypto exchange by volume. Source: Bloomberg, FTX
Ukraine’s Zelensky Sets Conditions for ‘Genuine’ Peace Talks With Russia - WSJ
Ukrainian President Volodymyr Zelensky said he was open to “genuine peace talks” with Russia, following pressure from Western backers to signal readiness for negotiations amid concerns about the rising costs of the eight-month war.
China Developers Soar as State Help Fuels Bets on Market Bottom
Source: - Bloomberg
China Producer Prices in Deflation for First Time Since 2020
Source: Bloomberg
