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Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more

Coin Telegraph LogoCoin Telegraph1w ago

Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more - Coin Telegraph

Quick Summary:

Legacy investors often say BTC, ETH and altcoin volatility is too high to warrant a sound investment, but many major corporations have seen even larger drawdowns in their stock prices in 2022.

A handful of multi-billion dollar companies around the globe have also suffered, with losses that surpass 85% in 2022 alone.

The company’s shares plunged by 83.7% in 2022 despite a successful raise of $915 million in March, as the Q2 revenue declined by 27% from the previous year.


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Article Details

Author / Journalist: Cointelegraph By Marcel Pechman

Category: Crypto

Topics: Volatility Biotech Saipem Stock Uniper Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 19:52:54

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 5 minutes read

Article Length: 784 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 476188

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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