Bitkoin continues to decline – 22.4 thousand. USD limit Business

The value of bitcoin, the most valuable cryptocurrency in the world, reached 22.4 thousand on Tuesday, at 13:00 Lithuanian time. And how much it recovered after an early morning drop when one bitcoin exceeded 21,000. USD.

Bitcoin lost about 25 percent in a week. their values. Compared to November last year, the all-time highest price was reached, which amounted to about 69 thousand. The value of bitcoin fell 67 percent.

Ether, the second-largest digital coin, fell another 4 percent on Tuesday to 32 percent a week. At 13:00 Lithuanian time, the price of this cryptocurrency was about 1,200 US dollars. Compared to November, he lost about 75 percent. their values.

Based on the website According to the data, the total market value of cryptocurrencies is already less than 1 trillion. USD – 1 p.m. In Lithuanian time, it reached 950 billion. USD.

The world’s two largest cryptocurrency platforms downsized on Monday as the wider cryptocurrency market continued to collapse.

1.7 million Celsius Network, a customer network, issued a statement alleging that “extreme market conditions” had forced the company to suspend all withdrawals, cryptocurrency swaps and transfers from one account to another.

“We are taking these necessary steps for the benefit of our entire community to stabilize liquidity and operations while we take steps to preserve and protect our assets,” the company said in a blog post.

Meanwhile, the world’s largest cryptocurrency exchange, Binance, suspended cash withdrawals on its bitcoin network for several hours on Monday. The company said some operations had stalled.

The market value of cryptocurrencies has been declining for the past few months, largely following the normal market value of the stock.

As the world’s largest central banks raised interest rates to curb soaring inflation, investors rushed to abandon riskier investments, including highly volatile cryptocurrencies.