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Crypto Markets Erase $120B as Bitcoin Tanks to $58K Amid Growing Strategy FUD: Weekly Recap

Crypto Markets Erase $120B as Bitcoin Tanks to $58K Amid Growing Strategy FUD: Weekly Recap


It was another paiful weeks for the crypto bulls but the worst might still not be over.

Although there are still some days left in June, the month has turned out to be one of the worst for the entire cryptocurrency market in recent history.

Before we explore what took place in the past week alone, let’s rewind the clocks to last Friday when the most significant news came from the new Fed Chair Kevin Warsh, who continued Powell’s policy of maintaining the interest rates unchanged and had a hawkish conference after the FOMC meeting. In addition, the promised deal between the US and Iran failed as both parties have yet to reach a permanent agreement.

Bitcoin reacted…

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