June 14: Bitcoin falls to $21,000, MicroStrategy down $1 billion, El Salvador impact, more crypto layoffs

On today's CoinMarketRecap podcast with Connor Sephton, Bitcoin falls to $21,000 — hours after it's officially confirmed that the S&P 500 is in a bear market. MicroStrategy's now $1 billion in the red on its Bitcoin investment… and is now in danger of margin calls. El Salvador puts a brave face on its crypto experiment and insists it doesn't pose a wider risk to the country's economy. Plus, BlockFi and Crypto.com become the latest to announce layoffs as the industry battles to remain profitable. And why one crypto CEO thinks we've entered the second stage of the bear market… and things are about to get worse. You can follow us on Twitter — @ConnorSephton and @CoinMarketCap.

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This episode was published on June 14, 2022.

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