Depressing Bitcoin News Today

join us coming up. >> john: first fox news alert to an economy in crisis. americans crushed on high prices from gas to food while their retirement accounts evaporate. growing concerns a dramatic move by the fed on interest rates could send the economy spiralling into recession. john roberts in washington. sandra. great to have you back. >> sandra: i am sandra smith in new york. this is "america reports." we are watching all of this, brand-new numbers today from may painting a bleak pic...

Inflation starts to reserve. >> sandra: honey bunches of oats, mounds chocolate bars, we are all hungry. david lee miller, just have to pay more for it, though. >> john: just dont touch my crisp. 401(k) is taking a beating, not only are traditional stocks taking a beating. crypto is also crashing. explain this to me. >> its one of the top stimulus trades of faster years and fast unwinding. cryptocurrency like bitcoin have gone mainstream and attracted celebrity influencers like elon musk and ast...

The exists. as a result, jobs are fading in the sector. this morning the c.e.o. of the largest cryptoexchange in the u.s. coin base says they are cutting 18% of their workforce, roughly 1,000 jobs, and also predicting a future upcoming recession. coin base joins other cryptocurrency companies laying off workers, including some of those that bought the expensive super bowl ads this year, less than $2 billion, and a third of what the market is worth. a few months ago, bitcoin, above $65,000 in nov...