Bitcoin extended a steady recovery to top $19,000 in European hours Monday after a weekend that saw major cryptocurrencies record only moderate gains. By shauryamalwa
and Cardano’s ADA each added about 4%, while XRP and BNB gained over 3.5%. Market capitalization increased some 2.3%, CoinGecko data showed.
Equity markets remain concerned about the slowing pace of growth, which could dent chances of longer recovery. Japanese financial services giant Nomura said in a Monday note that major economies could enter recession “in the next 12 months” amid tightening government policies and higher costs. The analysts said they expect Europe, the U.K., Japan, South Korea, Australia, U.S. and Canada to fall into recession. They U.S. could experience a “shallow but long” recession of five quarters, and Europe could take a much deeper hit because of Russia's attack on Ukraine.
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