Bitcoin Continues to Bleed, Falls Below $50K
Markets
Bitcoin {{BTC}} continued its downward slide during the Asian trading hours on Monday, plunging below $50,000.
At the time of writing, Bitcoin was trading near $49,200, a level last seen in late February.
The sell-off in bitcoin and the overall crypto market has been triggered by a wider fall in the financial markets as the fears of global recession and rising tension in the Middle East has investors hitting the panic button.
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