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Despite seeing a surge in product demand for Q4 2022, Boeing sustained a gigantic $663 million loss due to macroeconomic constraints. Boeing (NYSE: BA) recently posted its Q4 2022 financial report, which showed a losing effort characterized by labor and supply strains. The American aeronautics manufacturing giant posted a loss of $663 million
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For 2022, Coinbase said it remains "cautiously optimistic" that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption that crypto prices do not deteriorate significantly and that customer behaviors don't change. "For 2023, we’re preparing with a conservative bias and
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Bitcoin decoupled with the stock market and saw its correlation
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Total cryptocurrency market capitalization regained the $1 trillion mark a brief fall under that level last week. Source
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The Puell Multiple, a tool that measures one-year revenue growth among bitcoin miners, indicates there's buying interest among investors and, with a reading of 0.5, places bitcoin in a so-called green zone for those looking to build long-term exposure to the coin, CryptoQuant analysts told CryptoX. The metric entered the
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"Looking forward to the coming quarters, we see a tougher market environment from the lower bitcoin price level, overall increased energy price, and various pandemic and geopolitical uncertainties globally, which may all jeopardize the demand and price for our products," CFO James Jin Cheng said. Source
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Ethereum has lost steam after a week of trading in profits. The elements for a potential extension of the bullish momentum were laid out in the macro-economic stage. Still, rising tensions between China and the United States have brought back uncertainty to the global financial world. U.S. Congresswoman and Speaker of
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Miner flows to exchanges have reached their highest point since January, Compass Mining – a bitcoin mining services company – wrote in a research note today using data from CoinMetrics. "Miners may begin to sell hodl'd Bitcoin into the open market," wrote Compass. "At the very least they are feeling
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These can be anxious times for holders of cryptocurrencies, especially those who entered the market in late 2021 when prices were cresting. Bitcoin (BTC), Ether (ETH) and especially altcoins now appear to be undergoing a major reset, down 50% or more from November highs.Some worry that a whole generation of
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