Bitcoin and Other Cryptos Are Sinking Again. Don’t Expect a Bounce Soon.

2 years ago 365

Bitcoin and different cryptos were sinking connected Monday arsenic investors continued to interest astir a worsening macro climate, tighter monetary policies and an economical slowdown related to the Omicron variant.

Bitcoin was disconnected 8.7% Monday to astir $46,000. Ether, the coin of the Ethereum blockchain network, was down 11% to $3,700. Many “alt-coins” were faring worse, including Solana, down 13%, and Terra, disconnected 14%.

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Bitcoin and Other Cryptos Are Sinking Again. Don’t Expect a Bounce Soon.

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