Bitcoin slumped on Monday to an 18-month low under $25,000 as investors avoided risk assets in The face of evil global Market selling after months of cryptocurrency hit a record high.
Unit took heavy blow also From news Crypto lending platform Celsius Network has temporarily suspended withdrawals, citing volatile conditions.
Global stock markets have fallen since Friday when data showed that inflation in the United States hit a four-decade high, fueling recession fears and prompting investors to flee. for Safer assets like The dollar.
“It is not surprising to see such a strong contraction as we observed an increase in the correlation over The last a few years between traditional stock that has also Recently, cryptocurrency marketXTB chief noted market analyst Walid Kodmani.
The world’s most popular cryptocurrency has fallen by about 10% to hit $23794 in London morning deals, hit the level last I have seen in December 2020.
The virtual The unit collapsed by 65% in value since hit a record summit of $68,991.85 in November.
Investors on Monday sought safety with Central United States bank Probably seen on a steep slope up Borrowing costs as well combat hypertrophy
Bitcoin decline accelerated after news From Celsius Network.
“Today we announce that Celsius has paused all withdrawals, swaps and transfers between accounts in a permit.
Celsius made The move “Because of the extreme market the conditions ” added.
The total the value of Customer deposit already shrunk by more From half to less than $12 billion in may compare with the end of last year.
1 trillion dollars market
Koudmani said further falls for bitcoin “mayo trigger Consecutive effect of qualifiers of Hedge sites’ taken against Cryptocurrency.
The global encryption marketinclude other virtual Coins that are declining like Ethereum, are worth About $1 trillion, according to crypto data aggregator CoinGecko.
This is it down from level of more From $3 trillion at its peak seven months ago, when market ride a wave of Huge investor demand Amid growing acceptance of large financial institutions.
in sign of increasing importance of Cryptocurrencies, two countries, El Salvador and the Central African Republic, have taken the risk of adoption bitcoin As legal tender – despite heavy criticism from international financial institutions.
Bitcoin slumped on Monday to an 18-month low under $25,000 as investors avoided risk assets in The face of evil global Market selling after months of cryptocurrency hit a record high.
Unit took heavy blow also From news Crypto lending platform Celsius Network has temporarily suspended withdrawals, citing volatile conditions.
Global stock markets have fallen since Friday when data showed that inflation in the United States hit a four-decade high, fueling recession fears and prompting investors to flee. for Safer assets like The dollar.
“It is not surprising to see such a strong contraction as we observed an increase in the correlation over The last a few years between traditional stock that has also Recently, cryptocurrency marketXTB chief noted market analyst Walid Kodmani.
The world’s most popular cryptocurrency has fallen by about 10% to hit $23794 in London morning deals, hit the level last I have seen in December 2020.
The virtual The unit collapsed by 65% in value since hit a record summit of $68,991.85 in November.
Investors on Monday sought safety with Central United States bank Probably seen on a steep slope up Borrowing costs as well combat hypertrophy
Bitcoin decline accelerated after news From Celsius Network.
“Today we announce that Celsius has paused all withdrawals, swaps and transfers between accounts in a permit.
Celsius made The move “Because of the extreme market the conditions ” added.
The total the value of Customer deposit already shrunk by more From half to less than $12 billion in may compare with the end of last year.
1 trillion dollars market
Koudmani said further falls for bitcoin “mayo trigger Consecutive effect of qualifiers of Hedge sites’ taken against Cryptocurrency.
The global encryption marketinclude other virtual Coins that are declining like Ethereum, are worth About $1 trillion, according to crypto data aggregator CoinGecko.
This is it down from level of more From $3 trillion at its peak seven months ago, when market ride a wave of Huge investor demand Amid growing acceptance of large financial institutions.
in sign of increasing importance of Cryptocurrencies, two countries, El Salvador and the Central African Republic, have taken the risk of adoption bitcoin As legal tender – despite heavy criticism from international financial institutions.