Bitcoin stems heavy losses but pessimism reigns in crypto markets
Bitcoin clawed its way to positive territory.
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Bitcoin clawed its way to positive territory.
Cryptocurrency touched 18-month low at $22,725
Bitcoin steadied on Tuesday after initially falling to a new 18-month low as major crypto lender Celsius Network's freezing of withdrawals
WASHINGTON - Bitcoin fell as much as 14 per cent on Monday (June 13) after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" market conditions, in the latest sign of the financial market downturn hitting the crypto sphere. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below US$1 trillion (S$1.39 trillion)...
The move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday for the first time since January 2021.