Bitcoin (BTC) has experienced another decline, dropping below the $50,000 mark during Asian trading hours on Monday. As of writing, the cryptocurrency is hovering around $49,200, a price point not seen since late February. This continued sell-off in bitcoin, along with the overall crypto market, can be attributed to the broader slump in financial markets. Investor concerns over a global recession and escalating tensions in the Middle East have triggered panic among market participants.
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