The US Federal Reserve building in Washington. The Fed’s aggressive approach to monetary policy has to subside before cryptocurrency  markets see a bottom, analysts say. Photo: Reuters
The US Federal Reserve building in Washington. The Fed’s aggressive approach to monetary policy has to subside before cryptocurrency markets see a bottom, analysts say. Photo: Reuters
Bitcoin

Bitcoin resumes slide amid mounting concerns about recession

  • Bitcoin has made ‘a bottom’ but probably not ‘the bottom’, analyst says
  • The largest cryptocurrency declines by as much as 2.9 per cent, holds above key US$20,000 level

The US Federal Reserve building in Washington. The Fed’s aggressive approach to monetary policy has to subside before cryptocurrency  markets see a bottom, analysts say. Photo: Reuters
The US Federal Reserve building in Washington. The Fed’s aggressive approach to monetary policy has to subside before cryptocurrency markets see a bottom, analysts say. Photo: Reuters
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