News Formal

Crypto industry fears contagion as bitcoin slips under $20 000

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 77%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Moneyweb Crypto Bitcoin

The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London trading hours – roughly the peak of its charge to its previous record in 2017. Bitcoin had dropped on Saturday to as low as $17,592.

In a blog on Monday, Celsius said it would continue working with regulators and officials, but that it would pause its customer Q&A sessions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto industry gripped by anxietyThe crypto industry was on edge on Monday morning on fears contagion from problems at major crypto players could unleash a major shakeout if not contained.
Source: TechCentral - 🏆 8. / 71 Read more »