News Snapshot:
Bitcoin, the world’s most valuable cryptocurrency, is down more than 50% since hitting an … [+] all-time-high of $64,895 on the Bitstamp exchange on April 14, 2021. Getty Images Bitcoin continued its downward trajectory on Monday, touching a low of $31,700 on the Bitstamp exchange as markets digested an ominous inflation report from the US Federal Reserve coupled with an intensified clampdown in China. The world’s leading cryptocurrency has now shed more than half of its value since reaching an all-time-high of $64,895 on April 14. Hopes for a recovery grew earlier this month as bitcoin briefly moved above the...
