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Turmoil continues to ramp up for Cryptocurrencies with intensity to the downside. Stock markets sold off hard after another record high inflation and
[See the full post at: Ethereum Collapses 20% To Yearly Lows as Risk Investors Seek Shelter from The Storm]Bitcoin at $24,072 down -12.58% on the day
Investors at #Celcius stopping withdrawals over weekend
Binance CEO saying temporary pause of $BTC withdrawals due to “stuck transaction”
200WMA at $22,372.60 not traded below 200WMA since March 9, 2020 weekFor the diamond hand wankers:
Despite the fall from a high of around $69,000, the current price is still some 525% above that March 2020 low.
Of course, anyone who got in past December 2020 and have been HODLing, they are all in the red.Crypto attempt at a rally reverts with #Celsius investors unlikely to provide more funds to bailout lender via WSJ
“Few are feeling OK about things,”
“There was more risk in this than fully appreciated,”Last year a private equity firm along with a Canadian pension fund invested $750 million and Celsius valuing the crypto startup at more than $3 billion. T
P&D’s #Coinbase looking at more job cuts after already laid off 1,100 employees this week and rescinded 300 job offers, which was 18% of the staff. $COIN $ARKK
“Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filing on Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze withdrawals last month, citing ‘extreme’ market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market.” July 14 – Reuters (Hannah Lang):
“The two words on every crypto investor’s lips right now are undoubtedly ‘crypto winter.’ Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally in 2021. Bitcoin, the world’s biggest digital coin, is off 70% from a November all-time high of nearly $69,000. That’s resulted in many experts warning of a prolonged bear market known as ‘crypto winter.’” July 14 – CNBC (Arjun Kharpal and Ryan Browne):
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