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Bitcoin drops 17%, falling below $23,000 as $200 billion wiped off crypto market over the weekend

by Editor June 13, 2022, 6:22 pm 1.3k Views

Bitcoin drops 17%, falling below $23,000 as $200 billion wiped off crypto market over the weekend

Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius is pausing withdrawals for its customers, sparking fears of contagion into the broader market.

Nurphoto | Nurphoto | Getty Images

Bitcoin tumbled below $23,000 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…

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