The cryptocurrency market witnessed a major selloff this morning with its overall market cap dropping below $1 trillion for the first time in over a year after major crypto lending platform Celsius announced it was suspending all withdrawals due to “extreme market conditions. Bitcoin’s value fell below $24,000—down nearly 14%—the lowest level it has been in 18-months following Celsius’ announcement.
Amid the selloff, crypto exchange Binance announced that it was temporarily suspending Bitcoin withdrawals which CEO Changpeng Zhao said was due to a “stuck transaction causing a backlog.”
Ethereum, the world’s second most valuable cryptocurrency by market cap, saw its value crater by more than 18.3% dropping below $1,200.The market wide selloff has also affected other popular tokens like Binance’s BNB, Dogecoin and Solana, which are down 15%, 18.3% and 18.9% respectively.
In a blog post published after midnight on Monday, Celsius said it was “pausing all withdrawals, [currency] swap, and transfers between accounts,” noting that it was doing so to allow itself to meet all of its withdrawal obligations in the future.
Read the full story on Forbes: https://www.forbes.com/sites/stevenehrlich/2022/06/13/bitcoin-crash-causes-crypto-stocks-to-plummet/
https://www.forbes.com/sites/siladityaray/2022/06/13/major-crypto-lender-celsius-suspends-withdrawals-bitcoin-drops-to-lowest-value-since-december-2020/
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14 Comments
Just wait until Tether crashes… that will make the last 8 months look like a walk in the park…
Hai anna iam Nagendar Anna na age 42 Sexinlocall.UNO qualification m.l.t medical lab techniciank ,Srpt lo jobs unte cheppagalaru anna.with govt Jobs
Crypto Currency is the most sofisticated Ponzi Scheme of the modern world
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I will forever be indebted to you 😇 you've changed my whole life I'll continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment thanks so much(name above),
The market is very unstable and you can not tell If it's going bearish or bullish. I advise everyone to forget predictions and start making a good profit now because future valuations are all speculations and guesses. When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me.But all thanks to Paul Charlton for his amazing skills for helping me. Trading went smooth for me as I was able to raise over 9 BTC when I started at 2.5 BTC in just 5 weeks of implementing trades with signals and insights from Paul Charlton, I would advise you all to trade your asset rather than hold for a future you aren’t sure about.. You can reach Paul on ͲeIєɠɾαm👉PAULCHARLTON
Halting trade shud be illegal
Hai anna iam Nagendar Anna na age 42 Kimmy-jka.Monster qualification m.l.t medical lab technicianz ,Srpt lo jobs unte cheppagalaru anna.with govt Jobs
The <Bitcoin price has completed several bullish movements over the past week that may confirm a new bullish expansion phase which is about to begin . Eyes are still on what happens above the current local highs, not below, even as BTC price action is up 6% in a week. We cannot predict bottoms, but it was obvious things were getting ready to go down. Why are people JUST NOW realizing the market is bearish? Extremely bearish. Point is, be patient, and just trade to build capital for when we do bottom. Don’t let these institutions destroy you. And my advice, don’t spread yourself thin with too many coins. Market moves as a whole right now, red days mean red days for almost everything, Green Days will be the same. Paper gains and losses are normal throughout the investing cycle. Continue to invest and trade, don’t panic.’. Still love the trading techniques and advice . Digital currencies continue to reshape the world globally. It's hard for anyone who is against it right now. But from a trader's point of view, I think we really need more experts in this field to give newbies a sense of how the community works. I was able to easily increase my portfolio in just trading with Clay Everett Bell daily signals growing 0.5 BTC to 1.1 BTC. His daily signals are very accurate and yields a great positive return on investment and is available to give assistance to anyone who love crypto trading, you can contact him for inquires and profitable trading systems on Telegram @ClayeverettBell for any crypto related issues.
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May God continue to bless your platform, since the day 1.8 BTC hits my wallet, I don’t know how exactly I feel but I know for sure your the best and real, you’re the best one that hold my heart and will continue to tell people about your wonderful work
SEEING SO MANY RECOMMENDATION I WAS CURIOUS AND DECIDED TO GIVE THEM A TRY AND IT TURNED OUT TO BE LEGIT AND RELIABLE THEY ARE SUCH A A GOOD HUMAN BEING HAVE EVER MET IN BITCOIN. 🙏✅
SEEING SO MANY RECOMMENDATION I WAS CURIOUS AND DECIDED TO GIVE THEM A TRY AND IT TURNED OUT TO BE LEGIT AND RELIABLE THEY ARE SUCH A A GOOD HUMAN BEING HAVE EVER MET IN BITCOIN. 🙏✅
Crypto funny money