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Stock impact report

Bitcoin recovers from Friday sell-off: What investors need to know [Yahoo! Finance]

Prairie Operating Co. (PROP) 
NASDAQ:AMEX Investor Relations: pledgepcorp.com
Company Research Source: Yahoo! Finance
It comes after the broader crypto market saw about $19 billion worth of market value wiped o ut on Friday. Prairie Operating Co. executive vice president of market strategy Lou Basenese explains how leverage played a role in the big losses and why crypto could head higher from here. To watch more expert insights and analysis on the latest market action, check out more Opening Bid Video Transcript Speaker A some serious moves in crypto outside of traditional US equities. And Lou, you said that Friday's crash actually cleared out a lot of excess leverage in the system and could lead to further gains in the crypto space. So walk me through that and and how investors should really position themselves when it comes to some of that crypto exposure. Lou Look, I've been a late adopter to crypto and now I'm very bullish on it. But what happened on Friday is a lesson in finance why you don't use leverage. I mean, we've seen this with foreign currency exchanges in the past. And now w Show less Read more
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