Stocks, oil and bitcoin sink in volatile trading

Wall Street had opened sharply lower, joining markets in Europe and Asia that fell on fears central banks will wind down easy money policies to tame inflation.

Bitcoin, meanwhile, shed a whopping 30 percent after China signaled a new crackdown on the cryptocurrency and tycoon Elon Musk sent mixed signals about his car company's use of the unit. "This is the latest chapter of China tightening the noose around crypto," said Antoni Trenchev, managing partner and co-founder of London-based crypto lender Nexo.

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