DDCT #135 - 6/13/2022 (Crypto lender celsius pauses withdrawals transfers citing extreme market conditions)
18m | Jun 13, 2022#Bitcoin #Celsius #Marketcrash
I'd like to welcome everyone to my new YOUTUBE CHANNEL
Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
As investors dump LINK, take a look at the ‘chain’ reactions that triggered this
Chainlink was on a solid uptrend for the last two weeks before the broader market crash terminated the rally and brought the coin back down. The last 24 hours have been marked as the third time in this year alone that Chainlink’s attempts at recovery have been crushed by the bears.
More Pain Ahead For Ethereum? Celsius Crashes 55% As It Halts Withdrawals Over 'Extreme Market Conditions'
Cryptocurrency lending firm Celsius
CEL/USD
says it is pausing all withdrawals, swaps and transfers between accounts.
What Happened: Celsius said in a statement late Sunday it is taking the steps “due to extreme market conditions.”
“We are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations,” the firm said.
Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns 'Don't Buy This Dip'
Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K.
Treasury Secretary Janet Yellen Issues Serious Crypto Warning As Sudden Price Crash Hits Bitcoin, Ethereum, BNB, Solana, Cardano And XRP
The bitcoin price has dropped under $29,000 per bitcoin, its lowest since late May, as stocks suffered their worst week since January following a red-hot inflation report that exceeded economists’ forecasts. Ethereum has crashed more than 10% after developers again delayed a long-awaited upgrade, with top ten coins BNBBNB -3.6%, solana, cardano and XRPXRP -2.4% also crashing back.
Crypto lender celsius pauses withdrawals transfers citing extreme market conditions
Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap, and transfers between accounts in a move that has sparked discussions and prompted the price of the firm’s token to take a 60% tumble in the past one hour to as low as 19 cents.
https://alternative.me/crypto/fear-and-greed-index/
Please subscribe, like, and share so that more and more people can view this content.
DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
Support this podcast at — https://redcircle.com/daves-daily-crypto-take/donations
