Panic As Bitcoin Falls Under $25,000, Lowest In 18 Months
June 14, 2022
6:32 am
Bitcoin tumbled yesterday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, many months after the cryptocurrency hit a record high.
The unit took a heavy knock also from news that cryptocurrency lending platform Celsius Network paused withdrawals, citing volatile conditions.
World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears and sending investors running for safer assets like the dollar.
‘It is not very surprising to see such a strong downturn as we have noticed an increased correlation …
