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Sunday, July 3, 2022

Bitcoin Takes A Dive Below $20,000

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Bitcoin suffered another huge loss dropping below $20,000 on Saturday. The world’s biggest cryptocurrency saw a 7.1 per cent drop to $18,732 this being it’s lowest level since December 2020.

The digital currency sector experienced a devastating blow this week after the cryptocurrency lending company, Celsius froze withdrawals and transfers between accounts.

There has been huge losses in this sector recently after investors ditched risky assets prompting companies such as Coinbase Global, Gemini and others announcing they would lay off thousands of employees.

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