Bitcoin is down again, moving along with weakening stock markets amid growing concerns about a global recession.
According to Arab Net, the largest cryptocurrency fell 2.9% to $20,244, thus remaining stable above the key level of $20,000.
Ether fell by a maximum of 3.3% to $1,084.80.
But Shiba Inu, the 14th cryptocurrency by market capitalization, is up 21% in the past 24 hours even though its momentum has been waning, according to CoinGecko pricing.
Cryptocurrencies have been moving for months in the same direction as stocks, and Wednesday's moves were no exception as investors' appetite for risky assets waned due to mounting fears about an economic recession.
