Today, over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession.
This event might be the worst day for stocks aside from the era od the 2020 pandemic fears.
The crypto market, which has historically been seen as a hedge against economic also receive a downturns, is also experiencing significant volatility.
Bitcoin, the bellwether for the crypto industry, has seen its price drop, and other cryptocurrencies are facing similar challenges.
The current recession fears are casting a shadow over the crypto market, leading to a significant decline in its value.
Are you holding?
BTC
92,396.01
-0.32%
ETH
3,345.39
+0.60%