Big dip in the bitcoin and other currencies in markets.Bitcoin gone even below the $21000 mark registering more than -30%/7days.
Impact on the crypto-market.
Macro factors are contributing to the decline of the cryptocurrency market.Federal Reserve expected to raise interest rates this week to control price increases.
Celsius- "add fuel to the fire"
celsius-suspended all withdrawals, transactions, and transfers between accounts.
Heading 3
CELSIUS SUSPENDS ALL ACCOUNTS “DUE TO REGULATORY REASONS AND HARSH MARKET CONDITIONS”. CELSIUS, CLAIMS TO HAVE 1.7 MILLION CUSTOMERS.
Celsius- suspended all withdrawals
One school of thought-Bitcoin price is cyclical
Bitcoin rises to a breaking point, tumbles far down, only to rise again to a far higher level. Bitcoin’s last peak came in November 2021, at $70,000.
Crypto poses a threat to the safety of global payment systems, fintech boss warns
“Threat to the safety of our payment schemes,” Anne Boden, CEO of U.K. digital bank Starling, warned Tuesday.
How much can crypto fall?
gritt trakulhoon, from titan, said bitcoin’s “28.5k-29.5k zone was a major macro support.” once bitcoin broke below that price, he added, “it got violent fast.” today,
june-13th-the worst day in trading. bitcoin and ethereum had double digit drops. total value slashed to just $1 trillion from $3 trillion in 2021.
Yesterday[13th June'22] it was terrible.
Unrealised Bitcoin Loss More Than $1 Billion
Coindesk now puts the company’s unrealized bitcoin loss at more than $1 billion.
Cryptocurrency Prices Today June 15-"again a dip"
KEY TAKEAWAYS AS OF NOW
crypto market cap slips further below $900 billion.
CAUTION: Watch before you invest.Its still Bear not Bull.