Fears of a recession are climbing, fueled by some pretty hard numbers. The stock market reportedly lost $8.2 trillion in value, which is more than during the worst week of the 2008 financial crisis.
At this point, the sliding numbers are undeniable, but whether this drop is here to stay or only temporary is the real question. And could there be any upside to this?
One thing that in in everyone’s mind is the possibility of a large-scale market crash pushing investors away from traditional investments and into Bitcoin as a safe asset. Could crypto potentially pave the road to recovery?
The current market conditions are draining, but shifts in regulation and shifts toward DEXs and stablecoins are showing signs of life.
So what’s going on? Let’s make sense of it all! Here’s a quick rundown of the top headlines from the past 24 hours