Bitcoin Under Pressure: Recession Fears Impact Crypto Market

Bitcoin’s recent ascent has been met with significant pressure as global recession fears and high interest rates weigh down the cryptocurrency market. While long-term investors remain invested, BTC struggles to surpass the $85,000 mark. The price currently hovers around $84,596, reflecting a 22% decline from its all-time peak of nearly $109,000 earlier this year. Experts are debating whether Bitcoin will experience another steep correction after recent market volatility.