The worldwide cryptocurrency market capitalization is at $943.6 billion on Tuesday morning, down from $968 billion just 24 hours ago.
Investors are continuing to sell off crypto assets amid heightened inflationary pressures and a looming recession.
Web3 clients, including Coinbase Global Inc (NASDAQ: COIN), Gemini, BlockFi, and others, responded to the steep drop in crypto by cutting workforces between 5% and 20% – a signal that the crypto economy grew far too quickly, and is reeling even faster.
Bitcoin (CRYPTO: BTC), the most popular cryptocurrency, is down an additional 4.63% in the last 24 hours after dropping 13.25% on Monday. The coin is priced at $22,429.93, revisiting prices …
Full story available on Benzinga.com