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Today in Crypto: Celsius Can Operate Through 2022, CFO Says; ‘Pig Butchering’ Scammers Fatten Up Victims
Stocks related to crypto were down Friday (Aug. 19), with bitcoin losing momentum and falling below $22,000 due to bigger fears in the economy.
In particular, the group was led downward by Hive Blockchain, Marathon Digital and Hut 8 Mining, with all of them falling around 14%, per a CoinDesk report.
Bitcoin’s fall killed the recent gains from the softer-than-expected U.S. inflation figures released earlier in the month, with sentiment worsening as the Federal Reserve hits back at the idea that inflation has hit its peak.