Investors worry that banks are cracking under the strain of unexpectedly fast, large rate hikes over the past year to cool economic activity and inflation and that the banking turmoil may cause a recession if it sets off a credit crunch.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest