Bitcoin again fell below the $20,000 mark on Sunday after losing more than $300 from its previous close. The world’s largest cryptocurrency by market cap fell by 1.54% to close at $19,804.
According to a report by Singaporean cybersecurity company Group-IB, the number of crypto scams that use fake domains has surged 5X during the first half of 2022 compared to H2 2021.
The United States stock market is retrogressing further as investors are taking a cautionary approach as evidenced in the plunging Nasdaq 100 futures. At the Federal Open Market Committee meeting slated for Tuesday and Wednesday this week, the Fed is expected to raise interest rates by as much as 75 basis points.
Crypto market bleeds as liquidation tops $400 Million.The first signs of the turmoil came last Tuesday after the CPI data showed inflation is still on the horizon. The recent liquidations have now pushed the total crypto market cap below $1 trillion again, at a loss of about $60 billion daily.
