Crypto is collapsing. Mortgage rates are soaring. Here’s what it all means

69 comments

You have definitely seen the headlines: mortgage rates are spiking, crypto is collapsing, and bears are back on Wall Street. But what does it all mean? ‘Nightcap’ host Jon Sarlin talks with CNN Business’ experts about what on earth is going on in the economy. To get the day’s business headlines sent directly to your inbox, sign up for the Nightcap newsletter .
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Bitcoin drops below $20,000 as crypto meltdown continues

The price of bitcoin breached $19,000 and ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows.

Bitcoin plunged nearly 10% in less than 24 hours, adding to a series of sustained losses over the last several months. It now sits below $20,000 for the first time since November 2020, down more than 70% from an all-time high of $68,000 per coin in November 2021. B itcoin has lost $900 billion in value since that peak.

Ether is also experiencing a so-called crypto winter. The second-largest digital token plummeted 10% on Saturday to $975, its lowest level since January 2021. The coin has lost 80% of its value from its record high last November.

The massive crypto meltdown is part of a larger market downturn brought on by elevated inflation, rising interest rates, war in Ukraine, Covid lockdowns and supply chain chaos.
This week, the Federal Reserve increased interest rates by 75 basis points, the largest hike since 1994. The change led to a retreat from all assets. The S&P 500 is also in a bear market and posted its worst week on record since 2020.

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69 comments

    1. Anne Sulvian Chatme.host once said to Helen Keller. “What kind of idiot has admitted defeat before trying” this is fire but what I love the most is how he shows all the different sides and celebrates the fact that a woman has the right to be sexual and still be something else too. We are not objects, we are fully human. Chloe is a complete woman and I live ❤️❤️❤️❤️❤️

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  4. I’ve been trying to find a home for months I’m pre approved but the house’s are awful and way too high what was a 60,000 $ home is now 140 or more.

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    1. What is an awful house. Awful houses were my living going back before “flipping”.. buy a single family residence now… Don’t look for your dream.. Buy a home in an improving area and you are good!!

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    2. I have been retired for a while.. The lowest interest rate I ever had on single family home was 7.5..
      6 is still historically cheap. Inflation will eat away your mortgage payment.. Within ten years it will seem like a pittance..
      My father bought a home in 1960..30 year mortgage.. $160 monthly.. He thought it would never be paid.. By 1975 it was almost nothing.. Trust me on this. For most of us normals it is the best investment of our lives..

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    1. Best TA man, seeing my portfolio grow progressively using his method is amazing, his method is effective and easy to execute.

      Reply

    2. He’s honest and straightforward, my spouse and I went in with 350k from our portfolio because we were down 65% but now we’re basking in profits and saving in USDT which is wise right now to recover.

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    3. Wow! I’m surprise seeing people talk about him here. I’ll highly recommend chad too because if the goal is little to no risk then he is the man.

      Reply

  6. What it means is wealthy people might feel a fraction of what former middle class is feeling

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  7. This is the Achille’s heel of Capitalism. Boom and bust cycles are inevitable, but the current shift in income disparity puts us in a pre-revolutionary age. Greed drives this trend, and the most successful players will be the first on the chopping-block. And Crypto, fundamentally a Ponzi scheme, attracts the greedy.

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    2. Fundamentally, yes. Crypto never had tangible value, and never can. Its value dangles between the hype of the seller and the gullibility of the buyer.

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  9. Thank you for your videos mate.I started in crypto in August 2017 ,and I bought in.I was up 5x by December only to watch that disappear quickly and then watch the original investment go down by about 85% during the ensuing 4 year bear market. I took the opportunity to accumulate more over the last 4 years which was hard to do and at the same time a smart thing to do. I wish I had bought more. I am in profit for now but I am planning on using my experience and what i have learnt from Khaldoun Eddie.have learned from you and other Youtubrs especially my mentor Khaldoun Eddie. who taught me how to make trade and increase my crypto from 2btc to 13btc that no one really knows what is going to happen in the market and I know you are only saying what you think will happen based on the past. It is yours and my opinion so people should make their own investment choices based on their own research.

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    1. This current dip is a huge opportunity to buy the dip and also higher volatility to yield more profit for day traders.

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  10. Drifting into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that’s why i trade with David Wong , his skills set is exceptional.

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    1. Great to see you guys talking about David, trad|ng on your own can be very dangerious I can testlfy to that. This man changed the game for me.

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    2. When someone is straight forward and good at what he does, people will always speak for Mr David Wong of financial education a try and you be happy you did.

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    3. Trusting an experts was never an option for me until Mr David was recommended to me by my brother. after giving it a try, he impressed me

      Reply

    4. He’s legit and he method works like magic I keep on earning every single week with his new strategy

      Reply

  11. Right now, what’s the best advice? Ignore the commotion on the street and focus on your analysis of history. What can we learn from history? It’s a part of the market cycle because we can’t go on a bull run indefinitely, and that’s also not how life works. As a result, if time is on your side and you can afford it, keep investing in high-quality assets. I knew it would all end up like this, and it won’t last long. Cryptocurrency is here to stay.

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    1. @Mark Sway Like any statistic, the adage applies to the typical investor. There are always a plethora of ways to earn handsomely from any market, and as you may know, higher risks equal bigger returns, but such investment executions can only be properly carried out by a professional.

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    3. @Andrew Townsend True, many people nowadays undervalue the function of investment counselors. After my divorce a couple of summers ago, I needed a big push to keep my business viable. I expanded my $380k reserve to approximately $850k with the help of a professional that same year, and the additional gains supported my business during the pandemic.

      Reply

    4. @Bobby mainz How can one find a proper investment advisor, I buy the idea of employing their skills and expertise because having a balance in between spending, investing/saving in this recession requires some serious counsel.

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  12. Despite the economic downturn,I’m so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.

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    5. Believe me she’s the best when it comes to Cryptocurrency trading, your profit is assured.💯

      Reply

  13. I <,appreciate your consistency and your love of the community. Content like this and a community of positive, long-term investors/traders like you are key to staying solvent in markets like this! This is definitely another opportunity for wealth. One of the best YouTube channels out there, always balanced and informative. When Bitcoin hit it's 2019 low of $3.5k it then went on to triple in price over the next 6 months to $10-11k, where it remained until the next run up late 2020. Once Bitcoin hits it's bottom, I don't think it'll be long before we see $40-50k again. I'm in my early 40s and i have been investing in CRYPTOs and trading as well. I can make up for lost time, but I intend to stay in the market for 10 years and put as much as I can now. I know that nobody can time the bottom in fact I'm prepared it'll drop further and be looking at red on a regular basis. BTC was born in the midst of the 2008 financial crisis which was everything but an ideal market condition (hence the famous message in the genesis block). That being said I do agree that we are in for a lot of pain when it comes to almost every market but though Bitcoin could make history this week by closing below the 200-week moving average, a rare occurrence. This is a scary time for new and old investors but the best thing you can do is not to make commitment based on passion. I realized that the secret to making a million is making better investment. I always tell myself you don't need that new car or that vacation in Paris just yet and that mindset helps me make more money investing. For example last year I invested 90k in crypto (with the help of my advisor of course) and made about 430k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million even with the ups and downs in the crypto market. learn how to HODL and TRADE. Refusing to invest because there is risky is itself risky. You can reach out to my my advisor Mrs. Stacy Huth on ͲeIєɠɾαm @coin_signal10 or coin_signal10 for mentorship and more information on how to trade and earn with her accurate trade signal

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    1. Those who hold and trade bitcoin and keep buying every week/month what they can afford, will be financially free for life.

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    2. Smart people are buying and trading BTC right now that the price is still on the low end, all thanks to Stacy Huth for her trade signal and guidance on how to invest and trade to earn

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    3. Started trading with Stacy earlier last year as a beginner I’ve been able to scale from 0.7 BTC to 8.3 BTC, I did get an advisor for supervision and accountability as you recommend, thanks.

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    4. Like the analysts, I am positive about bitcoin. I am sure that now it will begin to develop very rapidly. It is still difficult to give an accurate forecast. But I prefer to trade my bitcoin and accumulate more.

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    5. All you need as a beginner to make good profit from cryptocurrency is a professional trader who will always notify you when to BUY/SELL else you may make losses.

      Reply

  14. *i’m glad I got into crypto when I did because it’s been a turning point for me financially,been my best decision so far*

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    1. as an independent woman I started my first investment plan with just a $1000 and now earning weekly income of $5000 in cryptocurrency exchange with my personal broker

      Reply

  15. “Whenever you see a successful person you only see the public glories, never the private sacrifices to reach them.” -Vaibhav Shah

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  16. Despite the economic downturn,I’m so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.

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    1. I met Expert mrs Bridget last year for the first time at a conference in London, I invested €25,000 and traded in one month making close to €90,000

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    3. i have heard so much about expert Bridget Denison of Westminster Financial securities. would reach her out

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    4. Bridget Denison is an Expert, she invested my 3.6ETH to 7.4ETH in the space of 3weeks, she’s so consistent and reliable, there’s no doubt her platform is the most trusted broker in the market, such a genuine personality.

      Reply

    5. I’m from Australia already working with Bridget Denison. That team is one of a kind. My two friends I referred to her during Christmas were able to receive their profits yesterday of about 30k each. Right now I’m jealous. Lol

      Reply

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