Bitcoin and Other Cryptos Are Sinking Again. Don’t Expect a Bounce Soon.

 Bitcoin and Other Cryptos Are Sinking Again. Don’t Expect a Bounce Soon.

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https://www.barrons.com/articles/bitcoin-crypto-ether-51639426897


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Bitcoin and other cryptos were sinking on Monday as investors continued to worry about a worsening macro climate, tighter monetary policies and an economic slowdown related to the Omicron variant.

Bitcoin was off 8.7% Monday to around $46,000. Ether, the coin of the Ethereum blockchain network, was down 11% to $3,700. Many “alt-coins” were faring worse, including Solana, down 13%, and Terra, off 14%.

Bitcoin…


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