Bitcoin plunges below $US20,000
For the first time since 2020 Bitcoin has fallen below the psychological threshold of $US20,000. It has now lost more than 70 percent since its peak of near $US69,000.
For more detail please visit: https://www.abc.net.au/news/2022-06-19/bitcoin-crypto-plunges-to-below-20000/101165346
Saturday also saw Ethereum, the second most popular cryptocurrency and the currency of NFTs, take a tumble.
Overall, according to the crypto tracking coinmarketcap.com, cryptocurrency assets have fallen $US2 trillion leaving the global market value at approximately $US834 billion.
This sudden drop has sparked action from lending platforms such as Celsius Network and Babel Finance to suspend all withdrawals and transfers and comes after stable coin Terra imploded last month leaving investors billions of dollars out of pocket.
Additional information can be found here: https://www.abc.net.au/news/science/2022-06-18/bitcoin-crypto-crash-and-celsius-freeze-affecting-australians/101157578
Summary: Bitcoin plunges today, below 20,000, to levels not seen since 2020.