Another reason for bitcoin’s drop: its link to stocks and other risk assets. Because of the market’s current climate, experts say a recession could be on the horizon.
“Since Nov. 2021, sentiment has changed drastically given the Fed rate hikes and inflation management. We’re also potentially looking at a recession given the [Fed] may need to finally tackle the demand side to manage inflation,” crypto exchange Luno’s VP of corporate development and international Vijay AyyarOur journalism needs your support. Please subscribe today to
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