Cryptocurrency Crash
Several major cryptocurrencies, including bitcoin, have crashed after crypto lending site Celsius halted all withdrawals and transfers on its platform.
Which allows people holding cryptocurrency assets to lend their tokens in exchange for a high rate of fixed financial return on their deposits. It has currently lent around 8 bn to its customers. On Monday, the platform said it would stop all withdrawal staps and transfers between accounts, so that it could be in a better position to honor its withdrawal obligations over time. |
It added that this benefit was providing liquidity to our entire community and taking steps to stabilize operations while we take steps to protect and secure assets. Bitcoin and Ethereum have fallen by more than 15% after the cryptocurrency crash on Monday. Which has reached the lowest level of 18 months of the market so far.
cryptocurrency market The value of the cryptocurrency has fallen below $1 trillion for the first time since January 2021. The global cryptocurrency market was at its peak in November 2021, with a market cap of $2.9 trillion. but this year Cryptocurrency crash After this, a steady decline is being seen. Its market value has fallen to $1 trillion in the last two months.
These are the worst days for investors in the history of cryptocurrencies. Is cryptocurrency a good investment now?
There was a time when the craze of cryptocurrency was all over the world and ruling the hearts of all the investors, that was the day when bitcoin continues to break all its records, on November 10, 2021, the market price of bitcoin was the highest recorded. 5104644 which was done.
But after this, due to weakness in the Federal Bank Foreign Policy Shashibhai market and Karona virus, the decline in crypto currency started and continues to decline for 8 months and today on Tuesday also Bitcoin has recorded a new record 1722267.
The question is arising in the minds of investors whether cryptocurrency is a good investment now because bitcoin has ruined people. Due to this decline of crypto currency, investors have suffered a lot and investors have no other solution other than hope to emerge from it.
The good thing for a new investment is that the value of Bitcoin has just dropped. If you want to invest your money in cryptocurrency for a long time, then this is the right time to buy cryptocurrency, it will give you good returns in the coming years.
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