Following a brutal string of declines, bitcoin is hanging just above $30K, and ether just above $2K alongside modest bounces for stocks across the globe. grittygatorr reports
the firm was working with Terra projects affected by last week’s implosion and would onboard them to Polygon’s broader DeFi ecosystem. Terra held billions of dollars in value on various DeFi applications, such as Anchor, before last week’s fall.Crypto markets were weighed down in the past few weeks amid waning sentiment for risky assets. The U.S.
Morgan Stanley’s wealth-management division warned against slowing economic growth in a note this week, even stating that current price action in stocks and bonds resembled a bear market more than a correction. “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than simply a correction,” said Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management in a
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