13-06-2022, 08:21 PM
PUBLISHED MON, JUN 13 2022 3:55 AM EDT UPDATED 32 MIN AGO
Arjun Kharpal
- Bitcoin tumbled below US$24,000 late on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets.
- Meanwhile, a crypto lending company called Celsius has paused withdrawals for its customers, sparking fears of contagion into the broader market.
- Macro factors are contributing to the bearishness in the crypto markets, with rampant inflation continuing and the Federal Reserve expected to hike interest rates this week to control rising prices.
https://www.cnbc.com/2022/06/13/bitcoin-...-hike.html
Arjun Kharpal
- Bitcoin tumbled below US$24,000 late on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets.
- Meanwhile, a crypto lending company called Celsius has paused withdrawals for its customers, sparking fears of contagion into the broader market.
- Macro factors are contributing to the bearishness in the crypto markets, with rampant inflation continuing and the Federal Reserve expected to hike interest rates this week to control rising prices.
https://www.cnbc.com/2022/06/13/bitcoin-...-hike.html