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DOMAINS TOKEN-G

Ronald Maguire

13 June 2022 132 Read Crypto , Bitcoin

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Bitcoin, 24K USD for the First Time Since 2020

Bitcoin price fell below $24,000 for the first time in 19 months. It's been a tough weekend for cryptocurrencies and the opening of the week just got worse. Bitcoin market cap dropped from $600 billion to $450 billion in a week. Bitcoin, which is down 13.2% today, is currently trading at $23,860.

Inflation in the USA at Record Level

As the US grapples with the inflation problem, investors are abandoning risky assets and opting for safer alternatives such as the USD. The Fed will raise interest rates, which could potentially push the economy into recession.

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