Bitcoin dips below $30,000 as investors refocus on economic concerns


Source: cnbc.com cnbc.com

Key Topics in this News Article:

News Snapshot:

Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Cryptocurrencies fell on Monday as investors put excitement from Ethereum's "Shapella" upgrade behind them and refocused on upcoming bank earnings and recession concerns. Bitcoin fell 3% to $29,515.35, according to Coin Metrics, falling below the key $30,000 it hit last week for the first time since June. Meanwhile, ether was lower by 2.8% but maintained the $2,000 it broke through last week. Crypto is coming off a winning week in which prices were boosted by optimism around Ethereum's...