News Snapshot:
While the turbulence in markets continue due to current global downturn, cryptocurrencies seem to have taken a major hit especially after last week’s plunge. Bitcoin, the world’s largest cryptocurrency, dropped below $20,000 last Saturday to its lowest level in 18 months, extending its slide as investors pulled back from riskier assets amid rising interest rates. Now, according to a report in Chinese state-run newspaper Economic Daily , the price of the digital currency is set to be “heading to zero”. This comes as the uncertainty in the cryptocurrency market prevails. Up until Saturday, the Bitcoin has been hovering around the...
