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Bitcoin tops $22,000 as crypto market hopes contagion and shakeout is over; ether jumps 10%

Bitcoin jumped above $22,000 Monday as the cryptocurrency market hoped that the contagious and chaotic events of the past week were over. At 6:30 a.m., the world’s largest cryptocurrency traded at $22,228.70 ET is up around 4% according to CoinDesk data. Bitcoin traded at $22,493.61 during the last 24 hours, its highest level since June 16. Other cryptocurrencies...Read More

World Bank Warns of Global Recession, Stagflation — ‘This Is the Sharpest Slowdown in 80 Years’

The World Bank warned of a global recession. David Malpass, President of the World Bank, stated that “recession will be difficult to avoid” for many countries. “This is the most severe slowdown in 80-years.” World Bank: Global Recession and Stagflation Tuesday’s warning by the World Bank was about the increasing risk of global recession and stagflation. David Malpass,...Read More
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