Bitcoin drops below $20,000 for the first time in a year and a half

Bitcoin, the most well-known cryptocurrency on the market, crashed this Saturday under $20,000For the first time since December 2020, in a generalized crash impacting the industry.

EtherAnother of the most famous cryptocurrencies, CNBC has hit below $1,000, a figure not seen since January 2021.

Analysts consider the main reasons supporting its arrival “crypto winter(declining prices for a long period of time) the rise in interest rates encouraged by various central banks to try to curb widespread inflation, and the worsening of the liquidity crisis.

Many companies in the industry have taken measures such as platforms to try to weather the situation. Gemini Y coin base It announced two cuts to its staff of 10% and 18%, respectively, and warned that a winter was coming for cryptocurrencies.

According to website coinmetrybitcoin has lost more than 7% in the last 24 hours and at 10:00 am. new York (14:00 GMT) a bitcoin was paid $19,175, while Ether lost 8% of its value to $1,000.45.

The biggest drop in Bitcoin occurred on Monday, when the cryptocurrency trading platform lost 15% after learning that it was trading in cryptocurrency. Celsius Network suspended all transactions between customers and vetoed the withdrawal of capital. “extreme conditions” from the market.

this collapse It added to the previous Friday’s drop, where it fell more than 3% after learning that US inflation rose to a higher-than-expected 8.6% in May.

this last fall episode It started with the collapse in May”fixed money” (stable cryptocurrency) terraUSDThe month was highlighted by US inflation data tied to cryptocurrency and causing various companies in the industry to take measures to avoid losses.

Shortly after Celsius Network shut down operations, BinanceThe world’s most used platform for trading cryptocurrencies has suspended all bitcoin withdrawals due to a technical issue.

Source: Informacion

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