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After a short but significant fall, both crypto's peaked on 7 November 2021 at $67,566.83 and $4,812.09, respectively. The NASDAQ would peak 12 days later on 19 November at 16,057.44. In September, Bitcoin officially became a legal tender in El Salvador with many news sources wondering what countries would be next. [43]
The crypto crash wasn’t exclusive to crypto. The Dow Jones Industrial Average, a key stock index, entered a bear market in mid-June 2022. Moreover, the S&P 500 officially entered a bear market ...
The collapse of FTX, caused by a spike in customer withdrawals that exposed an $8 billion hole in FTX's accounts, [1] served as the impetus for its bankruptcy. Prior to its collapse, FTX was the third-largest cryptocurrency exchange by volume and had over one million users.
In the crypto market, bitcoin dropped below $50,000 (£39,000) for the first time since February, while Ethereum (ETH) saw its value fall more than $1,000 in a matter of days, down from $3,300 at ...
The market reaction came after major crypto lender Celsius Network posted on its website: “Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap ...
Let’s talk cryptocurrencies. Source: Yevhen Vitte/Shutterstock.com The crypto market is wild right now. Absolutely wild. The entire market dropped more than 30% at one point on Wednesday – led ...
Republicworld.com notes that “the total crypto market cap fell from $2.6 trillion on Friday to $2.07 [trillion] on Saturday. The total market value touched $3 trillion last month, for a very ...
Broader market conditions and selloff fears have pushed down leading digital asset prices by 25%.