MONEYWEB
Volatility is likely to remain for the time being, and thatâs not a bad thing. 00:03
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May 2021 was the roughest month for cryptocurrencies since 2018, with ether (ETH) down more than half its May peak of $4Â 325. Bitcoin was slightly better off with a 46% drop from its April peak above $63Â 000.
Not surprisingly, it was the smaller altcoins that took the brunt of the beating. XRP, a cryptocurrency that has gained favour as a vehicle for payments and remittances, was down 61% from peak to trough.
Cardano is down 55% from its May peak of $2.45, Stellar was down by half and Polkadot by 67%.
This Pandemic Investment Trend Will Continue (And Pay Big Dividends, Too) forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Why Bitcoin Could Rocket To A $250,000 Price Within Five Years forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Hedge Fund and Insider Trading News: Alan Howard, Ray Dalio, Stanley Druckenmiller, Honest Capital, Morgan Creek Capital Management, ExodusPoint Capital Management, Saba Capital Management, WSFS Financial Corporation (WSFS), Facebook Inc (FB), and More
BOSTON (Reuters) – Hedge fund
Honest Capital said on Tuesday that it opposes a $2.8 billion deal that At Home Group Inc signed last week to sell itself to private equity firm Hellman & Friedman, even as the U.S. home goods retailer searches for a higher bid. Honest Capital wrote to the company’s board of directors to argue the $36-per-share all-cash deal was too low a valuation for At Home, given that it has plans to more than double its number of stores to 600 and consumers have more cash to spruce up their decor. Home decorating trends are expected to be fueled by low mortgage rates, continued housing demand and a trend for ongoing work from home after the pandemic.