Bitcoin Clings to $40,000 as Investors Flee Risky Assets
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The Street
The Street
By Luc Olinga Crypto investors are bailing from these riskier assets as recession fears intensify. The crypto market is once again at a crossroads. In particular, will bitcoin resume its rally or are too many headwinds pushing it lower? Right now the most popular cryptocurrency is clinging to the psychological threshold of $40,000. At last check it was hovering around $40,225, according to CoinGecko. It recently briefly dipped below $40,000 before rising again. The short-term direction is unclear. Some experts estimate that bitcoin will drop to $37,000 in the next few days while others see it …