Gold stored at the Bank of England has been trading at an unusually low price, typically a sign that central banks are shedding some of their holdings.

According to a report released by the Cambridge Center for Alternative Finance on Tuesday, China now accounts for 21.11% of global hashrate for Bitcoin mining, behind the U.S. at 37.84%.

Powell sought to affirm the Fed’s commitment to taming price pressures, vowing to raise interest rates to a level that actively constrains demand, if necessary, until “clear and convincing” evidence…

According to data compiled by CoinShares, investors added some US$299 million to Bitcoin products, while funds focused on other cryptocurrencies like Solana, Ether and Polkadot saw outflows.

Assets which have been touted as a replacement for stocks and bonds, including cryptocurrencies and gold, have only helped deepen portfolio losses.

According to data compiled by Bloomberg, Coinbase was recommended a “buy” by no less than 22 analysts, while 5 gave it a “hold” and only 4 recommended a “sell.”

Even though the worst markets are supposed to have havens, it’s increasingly apparent that this one doesn’t.

The dollar is powering a slowdown in the global economy that would take the U.S. down along with it.

According to data from CoinMarketCap, a whopping US$200 billion of market cap was wiped out in just 24 hours from digital assets.