The price of Bitcoin, the largest cryptocurrency, has fallen below $24,000. All cryptocurrencies have been plunging recently, and Bitcoin is no exception. Bitcoin is now over 60% below its all time high of $69,000 last November. The cryptocurrency is now at its lowest price since December 2020. The Celsius Network, one of the world’s biggest cryptocurrency lenders, has paused all withdrawals, crypto swaps, and transfers in between accounts. The company has 1.7 million customers, and they said they are doing this “For the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets.” The company has about $3.7 billion in assets.
Source: https://www.cnn.com/2022/06/13/investing/bitcoin-price-celsius/index.html
