1 min read.Updated: 18 Jun 2022, 01:50 PM ISTLivemint
Surging recession fears are crippling appetite for risky assets, including cryptos like Bitcoin and Ether: Analysts
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Bitcoin dropped 6.53% to $19,106.37 today, losing $1,334.33 from its previous close. Earlier in the day, it sank as far as $19,047.61, its lowest point since December 2020. Ether breached the $1,000 mark briefly and dropped to $999.86, the lowest since January 2021, before paring losses. Bitcoin is down 59% this year, while ether is down 73%.
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