Bitcoin Sinks Again as Risk-Off Mood Returns on Recession Fears
Bitcoin resumed a fall on Wednesday, moving in tandem with weakening stocks amid mounting concerns about a global recession.
The largest cryptocurrency declined as much as 2.5% to $20,316, holding right above the key $20,000 level. Ether also fell by a maximum 2.5% to $1,093.46. Shiba Inu, the 14th-biggest cryptocurrency by market cap, rallied 21% in the past 24 hours though its momentum was tailing off, according to pricing from CoinGecko.