Vildana Hajric

A selloff in risker assets like stocks swept up cryptocurrencies as concerns over inflation and high oil prices rattle jittery investors.

Kalshi Inc. raised an additional $200 million from two new investors, broadening a funding round that had already brought in $1 billion, according to a person familiar with the situation.

Bitcoin’s bad stretch of ETF outflows has exposed an uncomfortable dynamic in the crypto market’s structure: the price level that should draw buyers back in is the one that also prompts some of the heaviest selling.

Retail bettors made Kalshi worth more than $20 billion. Until Thursday, none of them could own a piece of it.

(Bloomberg) -- Kalshi Inc. is raising an additional $200 million, broadening a funding round that had already brought in $1 billion, according to a person familiar with the situation.

The timing was not coincidental: the selling arrived as Bitcoin approached $83 000 — the average price at which ETF holders are roughly flat on their investment.

Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream.

(Bloomberg) -- Bitcoin has fallen 36% over the past year and slipped below $70,000 this week, extending a retreat that is undermining several of the arguments that helped carry the cryptocurrency into the financial mainstream.

Bitcoin ist in den vergangenen zwölf Monaten um rund 36% gefallen und in dieser Woche unter 70.000 Dollar gerutscht. Dies untergräbt mehrere Argumente, die der Kryptowährung den Weg in den finanziellen Mainstream geebnet hatten.

Wealth managers, who can make upwards of $500,000, are confronting a chatbot reckoning.