Bitcoin Clings to $40,000 as Investors Flee Risky Assets

Published by
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 …

Read More