Bitcoin's Price Volatility Continues Amid Economic Uncertainty and Whales' Massive Transactions.

1 min read
Source: CNBC
Bitcoin's Price Volatility Continues Amid Economic Uncertainty and Whales' Massive Transactions.
Photo: CNBC
TL;DR

Cryptocurrencies, including Bitcoin and Ethereum, fell as investors refocused on upcoming bank earnings and recession concerns. Bitcoin fell 3% to below $30,000, while Ethereum was lower by 2.8%. Standard Chartered predicts that Bitcoin could fall to $5,000 in 2023. Crypto investors are watching bank earnings this week for more insight about the health of the sector and possibility of a coming recession.

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