In keeping with the U.S. Bureau of Labor Statistics, the unemployment fee within the U.S. sits at 3.6% as of Could 2022, and but the variety of massive firms downsizing highlights the rising rumors regarding an incoming recession. On June 14, Coinbase’s CEO Brian Armstrong mentioned in a notice shared with all Coinbase staff, “We look like coming into a recession after a ten+ 12 months financial growth. A recession may result in one other crypto winter, and will final for an prolonged interval.”
