The collapse of the cryptocurrency market was due to the recording of inflation rates, as well as the decision of the US Federal Reserve to raise the rate.
The exchange rate of the world’s most popular cryptocurrency Bitcoin continues to decline sharply. This was confirmed by data from the CoinDesk exchange on Tuesday, June 14th.
At 08: 000 Kyiv time, the Bitcoin price dropped by 13.77% and traded at $ 21,933. At the same time, the lowest cryptocurrency price in the last 24 hours was $ 20,834, and the maximum was $ 25,792.
The volume capitalization of the Bitcoin market is at the level of 418 billion dollars.
Today Bitcoin is trading at its lowest level in a year and a half. According to experts, the collapse of the cryptocurrency market was due to the recording of inflation rates, as well as the decision of the US Federal Reserve to raise the rate.
On the eve it was also learned that the largest US crypto lender Celsius Network has suspended withdrawals, exchanges, and transfers between accounts, citing “extreme market conditions.”
Recall that on November 10, 2021, the value of Bitcoin was a record $ 69,000.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.