Thursday, June 1, 2023
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Uncategorized

Crypto Market Bleeds, With Bitcoin Falling Below $24k

cryptonews100_tggfrn by cryptonews100_tggfrn
June 13, 2022
in Uncategorized
0
Crypto Market Bleeds, With Bitcoin Falling Below $24k
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Right this moment, the cryptocurrency market suffered a panic sell-off following new highs reported in US inflation information. Furthermore, international market fears added to the vulnerabilities of cryptocurrencies. 

Because of this, Bitcoin‘s value fell by $24,000, dropping 14% as we speak. That is Bitcoin’s lowest stage since December 2020. Ether, the second-largest cryptocurrency, misplaced over 15%, hovering round $1,200. Because of the massacre throughout the crypto market, the entire market capitalization of all cryptocurrencies fell beneath $1 trillion on Monday morning based on CoinMarket Cap.

As if that hadn’t been sufficient, traders have been additionally hit by one other blow as we speak when crypto lending platform Celsius introduced that it was pausing all withdrawals and transfers between accounts. The ‘excessive market situations’ pressured the agency to take this step, it mentioned.

Key Takeaways

  • Bitcoin fell beneath $24,000 and Ether dropped beneath $1,300.
  • A brand new excessive in inflation triggered the present sell-off within the crypto market.
  • The crypto world suffered one other blow when crypto lending agency Celcius introduced to pause all withdrawals and transfers between accounts.

The present tendencies present traders are staying away from dangerous property due to international market situations and inflation. The tightening financial coverage of the Fed has wreaked havoc on cryptocurrencies particularly due to its risky nature. On high of that, the collapse of Terra (LUNA) and TerraUSD (UST) has brought on traders an excessive amount of anxiousness.

The Backside Line

Again-to-back dangerous information from the crypto world has brought on FUD (worry, uncertainty, and doubt) among the many traders. Crypto lovers took to Twitter utilizing #cryptocrash to precise their anxiousness, asking when this massacre would finish. Specialists consider it would worsen.





Source link

Related articles

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

February 28, 2023

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

February 28, 2023
spot and derivatives trading, low fees! Use VPN to Spain if in US.
Tags: 24KBitcoinBleedscryptofallingmarket
Share76Tweet47
kucoin-exchange

Related Posts

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC … – David Gerard

by cryptonews100_tggfrn
February 28, 2023
0

News: blockchain MEP Eva Kaili corruption arrest, Nigerian CBDC ...  David Gerard Source link

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says – Cointelegraph

by cryptonews100_tggfrn
February 28, 2023
0

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says  Cointelegraph Source link

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes – CoinGape

by cryptonews100_tggfrn
February 28, 2023
0

Binance Secretly Moved $1 Bln User Assets Just Like FTX: Forbes  CoinGape Source link

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if… – AMBCrypto News

by cryptonews100_tggfrn
February 27, 2023
0

Terra (LUNA) Price Prediction 2025-2030: LUNA can reach $2 if…  AMBCrypto News Source link

First Mover Asia: Solana in the Green After Weekend Deep Freeze – CoinDesk

by cryptonews100_tggfrn
February 27, 2023
0

First Mover Asia: Solana in the Green After Weekend Deep Freeze  CoinDesk Source link

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

Cryptocurrency Payment Processing SMB Fees Announced By My Crypto

Cryptocurrency Payment Processing SMB Fees Announced By My Crypto

June 1, 2023

Everything Blockchain, Inc. Named Finalist for Best

June 1, 2023
‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market

‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market

June 1, 2023

Categories

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Elon Musk
  • Ethereum
  • Exchanges
  • ICO
  • Litecoin
  • Market & Analysis
  • Pokadot
  • Polygon
  • Shiba Inu
  • Solana
  • The FED
  • Uncategorized
  • VeChain
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

Altcoins (32) Big (32) Binance (59) Bitcoin (329) blockchain (56) BTC (64) Buy (39) Cardano (64) ChainLink (33) Classic (70) coin (45) CoinDesk (33) Cointelegraph (43) crypto (423) Cryptocurrencies (38) Cryptocurrency (81) Cryptos (55) DOGE (36) Dogecoin (70) ETH (48) Ethereum (144) FTX (44) gains (34) Heres (38) Inu (68) investors (48) LUNA (241) LUNC (43) market (129) MATIC (33) million (33) Network (49) News (127) POLYGON (37) prediction (72) price (238) SHIB (39) Shiba (69) Solana (59) Terra (283) Terras (34) token (32) top (73) VeChain (36) XRP (43)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • Litecoin
    • Pokadot
    • Polygon
    • Shiba Inu
    • Solana
    • XRP
    • VeChain
  • Market & Analysis
    • Blockchain
    • The FED
    • ICO
  • Profit with Crypto
    • Crypto Exchanges
    • Crypto Interest-Earning Accounts
    • Crypto Retirement Accounts

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.