TuesdayJun 14, 2022 12:00 pm

Speculation of Bear Market Reinforced by Crypto Declines and Cutbacks

Bitcoin reached an all-time low of $22,725 since December 2020  Other cryptos are feeling the strain, many of which are facing value declines of more than 30% in just a week Many crypto-focused companies have begun issuing hiring freezes and layoffs as a result of the low-valued prices Crypto exchange Gemini is laying off at least 10% of its employees, citing a turbulent market and “crypto winter” Speculation of a bear market has become a reality. Bitcoin just reached an all-time low (since December 2020), with a value of $23,981. Other cryptocurrencies are feeling the effects of this bear market…

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