Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Bitcoin down over 50% from record high

  • By Al Mayadeen Net
  • Source: Agencies
  • 9 May 2022 22:16
3 Min Read

The world’s leading cryptocurrency hovered at $32,360 in New York’s noon trading, which is equivalent to 30% off from its December 2021 close of $46,200.

  • x
  • Bitcoin
    Everything bar the US dollar has fallen today - cryptos included," an analyst at StoneX.com said

Bitcoin price has fallen by almost 50 percent from its November record high as the value of most risky assets dropped today, Monday, on fears that the Federal Reserve could send the US economy into recession by embarking on the highest rate hike in three decades.

The world’s leading cryptocurrency hovered at $32,360 in New York’s noon trading, which is equivalent to 30% off from its December 2021 close of $46,200. It was down even more when compared to its November record high of $68,991.

"Everything bar the US dollar has fallen today - cryptos included," Fawad Razaqzada, an analyst at StoneX.com, wrote in a commentary. "At just over $32K, Bitcoin is now more than 50% cheaper compared to the record high it had reached last year. The next big level at $30K is now within sight, but it remains to be seen whether it can bottom around this psychological level." 

Related News

Bitcoin tops $105,000 before slipping back in volatile 2025 trading

Bitcoin falls over 5% to $81K after US tariff announcement

Risk assets took a drubbing as central bank officials at the Federal Reserve discussed whether the next US rate hike should be 75 basis points, with some suggesting that would be too much while others saying it might be needed to stop runaway inflation. The last time rates were raised by 75 bps was in 1994.

Money markets traders have already priced in a 79% probability of a 75 basis points hike at the Fed’s coming meeting on June 14-15 — after last week’s 50-bps increase at its May meeting, which in itself was the biggest increase in twenty years.    

The Fed insists that its high rate hikes regime will not tip the US economy into recession; however, markets aren’t buying that argument for now.

Stocks on Wall Street continued to drop, with the Nasdaq Composite Index - which groups top names such as Facebook (banned in Russia as an extremist organization), Amazon, Apple, Google, and Netflix - hitting a session low of 11,714 today that matched a two-and-half-year bottom from November 2020. Nasdaq has been already down 5% for May, extending April’s 13% selloff. The tech barometer has lost 25% year-to-date.    

The dollar, the chief beneficiary in any rate hike, has soared, based on the performance of the Dollar Index, to 20-year highs, which pits the greenback against 6 other major currencies. The index hit today an intraday high of 104.12, a peak since 2002.

  • Bitcoin
  • Cryptocurrency

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS