Cryptos crash amid recession fears ...News

Russia Today - Economy
Cryptos crash amid recession fears
source : Russia Today ( News ) () 23
Bitcoin slides to its lowest level this year as inflation soars Bitcoin, the world’s largest cryptocurrency by market value, dropped below $33,000 during Monday trading, according to data from cryptocurrency news portal CoinDesk, losing half of its value since its peak six months ago. At 10:55 GMT, it was down nearly 5.5%, trading at $32,800, the lowest level since last July. Bitcoin hit an all-time high of $68,990 in November. The dip comes as part of a wider crypto market collapse, which has wiped out almost $300 billion from the value of cryptocurrencies over the last four days. The second-largest coin, Ethereu

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