Crypto Index Tracker: Smart Contract Platforms Down The Most
- By Bilal Hafeez and Dalvir Mandara
- 3 min read
Crypto markets have been volatile as investors digest hawkish Fed minutes, inflation coming in hot again (9.1% for June), and the ongoing crypto credit crunch (Celsius is the latest lender to file for bankruptcy). The macro backdrop is still bearish with elevated recession probabilities alongside more rate hikes expected at the next fed meeting at the end of the month.
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