Bitcoin drops below $21,000 briefly as crypto sell-off continues
$Bitcoin(BTC.CC$ briefly dropped below $21,000 on Tuesday in Asia before bouncing back slightly, continuing its plunge as investors sold off risk assets.
The world’s largest cryptocurrency fell nearly 14% in the past 24 hours, while $Ethereum(ETH.CC$ tumbled more than 12% over the same period, according to $Coinbase(COIN.US$ data.
Crypto assets were hammered on Monday as trading platforms such as Celsius and Binance stopped withdrawals, and some companies cut jobs.
Bitcoin has fallen nearly 70% from its all-time high in November 2021.
$AMC Entertainment(AMC.US$ $Robinhood(HOOD.US$
The world’s largest cryptocurrency fell nearly 14% in the past 24 hours, while $Ethereum(ETH.CC$ tumbled more than 12% over the same period, according to $Coinbase(COIN.US$ data.
Crypto assets were hammered on Monday as trading platforms such as Celsius and Binance stopped withdrawals, and some companies cut jobs.
Bitcoin has fallen nearly 70% from its all-time high in November 2021.
$AMC Entertainment(AMC.US$ $Robinhood(HOOD.US$
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Revelation 6 : As investors around the world keep losing hundreds of billions of dollars a day at times, it's going to be harder and harder for the crypto market to recover. I think the imaginary money we know as crypto has shot itself in the foot and recovery is less likely every day.
Susan BertolinoOP Revelation 6:
Rudimentary : the real question is; Where did this fake money pump come from? All the Mafia's develope a quick way to wash their illegal cash?
Susan BertolinoOP Rudimentary: who knows...