Bitcoin

Also today... could this new hotline save businesses who are told to pay crypto ransoms?

Parallels have been drawn to the sensational collapse of early stage internet companies, where $5 trillion vanished from their valuations.

Tether's brand-new stablecoin is really hard to pronounce (for Connor anyway.)

Given the sheer amount of BTC that's held by miners, there are fears that persistent, large sell-offs could contribute to downward pressure on Bitcoin's price.

CoinMarketCap Academy takes a visual look at the differences during the 2018 bear market and the current market drawdown.

Connor Sephton takes a look at all the day's top crypto stories in an easy-to-understand way.

In other news, El Salvador's President Nayib Bukele has broken his silence — assuring BTC investors who are nervous about the current state of the market.

Given the gloomy economic backdrop, with interest rates rising and inflation out of control, things could get worse.

Also today, why Crypto Twitter will be breathing a sigh of relief over Musk's plan to "verify all humans" on the social network.

Connor's joined by CoinMarketCap's head of research Alice Liu to discuss a wild week in crypto.

"Investors are more likely to sell and crystallize losses when they believe the market will fall further, undermining the HODLer mentality."

Also today, we find out how Bitcoin reacted after the Federal Reserve unveiled its biggest interest rate hike since 1994.

Damping down fears surrounding the $205 million loan that the firm has with SIlvergate Bank, which is backed by Bitcoin, he said MicroStrategy is "10x overcollateralized right now."

Fed Chairman Jerome Powell is now navigating a tricky tightrope as he attempts to curb inflation without triggering a recession.

Michael Saylor is vowing to "HODL Bitcoin through adversity" — but MicroStrategy's now in margin call territory on its $205 million BTC-backed loan.

Also today, MicroStrategy is feeling the heat, Coinbase is laying off 1,100 staff... and some traders try an unusual method to relieve stress.

Back in March, the publicly listed company borrowed $205 million from Silvergate Bank in its quest to snap up more Bitcoin — using the BTC already in reserve as collateral.

CoinMarketCap Research's first piece examines what's happening in the ongoing Celsius Network crisis — and how to use CoinMarketCap to do your own due diligence before investing.