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crypto-just-had-one-of-its-worst-days-in-history.-here’s-what-you-need-to-know

Crypto Just Had One of Its Worst Days in History. Here’s What You Need to Know

By BizTech Weekly Jun 14, 2022

Over $778 million of cryptocurrency has been liquidated over a period of 24 hours. Bitcoin and Ethereum set the tone by seeing double-digit losses, and many other coins have followed suit during this crypto winter. Bitcoin is down over 11% this week, Bitcoin hit its all-time high of almost $69,000, but is now trading at just over $22,000. Celsius Network freezes withdrawals and transfers due to extreme market conditions. Many major companies are laying off employees, including one-fifth of its full-time employees, as well as 18% of its team of around 5,000 employees. Solana (SOL), Avalanche (AVAX), Polkadot (DOT), and Cardano (ADA) are among others that have seen losses already this week. . . .

Read more at www.fool.com

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