People like to invest – In Stocks, Mutual Funds & More Recently in crypto

Cryptocurrencies are the latest trend for investors across the world

From Elon Musk to Matt Damon, people are all about crypto promotion

Bitcoin is the world’s best known cryptocurrency

But the CRYPTO market recently went down

And bitcoin went crashing too

WHAT’S HAPPENING?

On Saturday June 18th Bitcoin Plunged below $20,000 shedding mine percent from previous day to fall to $18,740, it’s lowest level since December 13, 2020.

Bitcoin recently fell to a new 18-month low

WHY IS IT HAPPENING?

Experts suggests that recession fears, inflation, rising interest rates are reasons for the downfall

Due to recent market trends, more people are selling bitcoin

Binance, platform for crypto trade, paused Bitcoin withdrawal for few hours

CRYPTO lender celcius also paused bitcoin withdrawals

Coinbase exchange said it is laying off 18% of its staff

CRYPTO MARKET CRASH

Bitcoin & Ether fell to new 18 month lows

This is the second major crash of crypto market in a month

CRYPTO market slumped under $1 Trillion for the first time since January 2021