Bitcoin, ether sink to multi-month low
Bitcoin, ether sink to multi-month low
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00:00Coin and Ether fell to multi-month lows as concerns about a possible U.S. recession sparked
00:06by weak data seized global markets and cost a flight from risky assets.
00:11This year, the cryptocurrency markets have gained momentum following the exchange-traded
00:16funds that track the spot prices of Ether and Bitcoin have received the approval from
00:21the U.S. Securities and Exchange Commission.
00:24However, investors' fears of U.S. recession and growing geopolitical concerns have cost
00:29the currencies to plummet, along with other assets such as international equities.