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digital currencies. Bitcoin with a sharp decline – the worst in 18 months. ‘We withhold all payments’

digital currencies.  Bitcoin with a sharp decline - the worst in 18 months.  'We withhold all payments'

capital flow from Cryptocurrency market. Bitcoin has lost nearly three times its value since December 2021. At the beginning of May, its value dropped below 30,000. The gap. In the middle of the month, a collapse occurred, which resulted in the disappearance of 200 billion from the market dollar. Over the next 30 days, the bitcoin price was relatively stable and fluctuated around 30,000. Dollars, but in mid-June we saw a sharp drop again.

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digital currencies. stock market crash

“Due to severe market conditions, we announce that Celsius will suspend all withdrawals, exchanges and transfers between accounts. We are taking action today to enable Celsius to better meet its payment obligations,” Celsius Network reported Monday.

digital currencies. Bitcoin price 13.06.000

Reuters This has been reported Bitcoin He fell under the influence of this decision by 14 percent. Up to $23,522. Likewise, Ethereum, the second most popular coin, was valued at 1192 dollar. Which means a drop of about 17 percent for her. And back to its lowest level since January 2021. The value of the entire cryptocurrency market fell below $1 trillion for the first time since last January.

Bitcoin rate

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Cryptocurrencies are feeling the economic crisis

According to experts cited by Reuters, the “extreme conditions” in which Celsius argued his decision are: interest rates And the inflation. Financial uncertainty affects risky financial assets such as cryptocurrencies.

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Last October, Celsius had more than $25 billion in assets. In May this year, it already had $11.8 billion in assets, down more than half from October, and awarded credits With a total value of $8.2 billion.

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