Bitcoin, Ether, Cardano, Solana, XRP Primed For Huge Shakeup — Are The Wheels Falling Off For Crypto?
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Crypto markets are reeling from falling prices over concerns of tighter monetary policy. Bitcoin fell to under $21,000 prior to the Fed’s interest rate announcement of June 15, 2022, marking an 18-month low. Bitcoin is trading in the region of $19,000- $20,000 at the time of writing. Crypto-based crime hit a new all-time high in 2021, with illicit addresses receiving $14 billion over the course of the year, up from $7.8 billion in 2020. Crypto-related legal cases are on the rise with regulators, crypto companies, and individuals all getting a piece of the action. Staff layoffs and hiring freezes are aimed at managing costs and improving the efficiency of company operations. Source