In response to the U.S. Bureau of Labor Statistics, the unemployment fee within the U.S. sits at 3.6% as of Might 2022, and but the variety of giant corporations downsizing highlights the rising rumors regarding an incoming recession. On June 14, Coinbase’s CEO Brian Armstrong mentioned in a observe shared with all Coinbase staff, “We look like coming into a recession after a ten+ yr financial growth. A recession might result in one other crypto winter, and will final for an prolonged interval.”

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