As the U.S. Nears Recession, Bitcoin and Other Cryptos Falter
Posted on 06/13/2022
Cryptocurrencies are infamous for their price volatility. Bitcoin (BTC) fell to the lowest price level in about 18 months after the freezing of withdrawals by the Celsius lending platform run by Celsius Network Ltd. Rapid U.S. inflation, slowing global economic growth, and geopolitical uncertainties are fueling systemic risk in the cryptocurrency ecosystem. Bitcoin tumbled as…
