What Makes Business Leaders Influential in 2025?
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
May 20, 2021: -On Wednesday, Cryptocurrency-related stocks led by Tesla and Coinbase dropped as bitcoin increased the equivalent of a bear market in a day.
Bitcoin, the world’s most significant digital token, decreased around $30,000 at one point on Wednesday, according to Coin Metrics. The price had come down roughly 24%.
On Tuesday, the move comes after China barred financial institutions from conducting crypto-related transactions. A JPMorgan report indicated large institutional investors were about to dump bitcoin in favor of gold.
This month’s pullback in bitcoin intensified almost a week ago after Tesla CEO Elon Musk wanted to change his tune a bit on crypto and said that the company would end accepting bitcoin for payment due to the environmental concerns surrounding crypto-mining.
“You had a confluence of events…where you started breaking down the positivity in the price action, and now we’ve got a liquidation event,” Galaxy Digital CEO and Chairman Mike Novogratz told CNBC. “It’s not going to bounce right back. It’ll consolidate for a while,” he added.
Tesla, a large holder of bitcoin, roughly decreased 4% on Wednesday. Microstrategy made headlines by purchasing a huge amount of bitcoin for its corporate treasury, which tanked by 10%.
The newly public crypto exchange, known as Coinbase, dropped around 9%. Bitcoin’s price approached $65,000 over a month ago before peaking around the time of Coinbase’s public debut.
Square and PayPal, which facilitate transactions in cryptocurrencies and have been big buyers, also lowered 4% and 1.5%, respectively, Wednesday morning.
Nvidia ticked down 2% after trading began. The company manufactures chips used in crypto-mining but reportedly trying to curb their use for that purpose.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
Corporate leaders play a pivotal role in shaping organizational cultures that embrace diversity and foster inclusivity. How can these …
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
January 23, 2025: A massive wildfire near Los Angeles has engulfed thousands of acres in a matter of hours, forcing tens of thousands to evacuate
January 22, 2025: Brazil experienced a devastating wildfire surge in 2024, with 30.8 million hectares (119,000 square miles) of land destroyed
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
January 21, 2025: The UK government has stated it has “no plans” to ban TikTok, even as the U.S. moves forward
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you