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African businessman holding letter reading bad bank news about debt

Investors were lured by rising Bitcoin prices only to suffer trading losses, research finds

Pile of cryptocurrency coins

Bitcoin down 12%, Ethereum down 13%

  • By: Ken Sweet
  • November 9, 2022 November 9, 2022
  • 16:57
cryptocurrencies

Shares of publicly traded companies with heavy exposure to crypto were also down

Abstract bitcoin crypto currency blockchain technology on global world map illustration

Bank of Canada paper finds ownership more than doubled in 2021

Panning for gold

Researchers examined the correlation between Bitcoin, gold and the S&P 500 in the past five downturns

3D Illustration of waving Bitcoin and El Salvador flag

Crypto push having unintended negative consequences for government finances

Bitcoin

Bitcoin has behaved more like a risk asset this year than an inflation hedge

white piggy bank with change canadian scattered around

The leadership candidate took aim at the central bank's role in rising inflation

Bitcoin

The bank's research found that half of Bitcoin owners suffer from volatility, hacks and scams

cryptocurrencies

Pair charged with laundering proceeds of 2016 Bitfinex hack