Bitcoin Value Plunges More Than 25 Percent Overnight
According to reports, one major reason behind the massive dip in Bitcoin’s value is due to Celsius Network, a US-based cryptocurrency lender, freezing all withdrawals and transfers. The crypto exchange cited “extreme” conditions as an excuse behind its actions, and in response to the global downturn of the cryptocurrency globally. — Celsius (@CelsiusNetwork) June 13, 2022 Through Celsius’ actions, the slide in Bitcoin’s value effectively wiped around US$200 billion (~RM884 billion) off the crypto market, causing the market value for the medium to slip below the US$1 trillion (~RM4....