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Bitcoin falls below $19,000 again as pressure mounts on crypto firms

  • Bitcoin on Thursday briefly fell below $19,000 as the world’s largest digital currency remains under pressure.
  • Investors are also worried about rampant inflation which is forcing global central banks to raise interest rates.
  • That is also sparking fears of a recession in the U.S. and other countries.
  • Meanwhile, major crypto hedge fund Three Arrows Capital fell into liquidation, adding further woes to the market.

Bitcoin on Thursday briefly fell below $19,000 as the world’s largest digital currency remains under pressure from macroeconomic worries and a liquidity crisis among high-profile crypto companies.

https://www.cnbc.com/2022/06/30/bitcoin-falls-below-19000-again-as-pressure-mounts-on-crypto-firms.html

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