{"id":94,"date":"2024-06-13T20:33:56","date_gmt":"2024-06-13T17:33:56","guid":{"rendered":"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/crypto-winter-bites-bitcoin-plummets-below-25000-as-market-reels\/"},"modified":"2024-06-17T13:09:53","modified_gmt":"2024-06-17T10:09:53","slug":"crypto-winter-bites-bitcoin-plummets-below-25000-as-market-reels","status":"publish","type":"post","link":"https:\/\/digits7promocode2024.icu\/2024\/06\/13\/crypto-winter-bites-bitcoin-plummets-below-25000-as-market-reels\/","title":{"rendered":"Crypto Winter Bites: Bitcoin Plummets Below $25,000 as Market Reels"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/3R2oQ5Wy4wA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The digital currency landscape is undergoing a significant slump, with Bitcoin (BTC) spearheading the descent. Its value has tumbled below $25,000, a plunge of over 10% in a mere day. This substantial decrease brings Bitcoin to its lowest point since the end of 2020, representing a massive 60% reduction from its November 2021 zenith.<\/p>\n<p>This predicament isn&#8217;t limited to Bitcoin; the entire crypto realm is experiencing the strain.  Over $400 billion has vanished from the market in a single week, driving the total market capitalization under $1 trillion.  Well-known alternative coins such as Ethereum (ETH) and Dogecoin (DOGE) are also hurting, witnessing losses surpassing 17%.<\/p>\n<p>Analysts link this downturn to investors divesting from riskier holdings like cryptocurrencies due to mounting anxieties about inflation.  This instability, intrinsic to the crypto market, underscores the high-risk character of these investments, potentially discouraging prospective investors.<\/p>\n<p>Further exacerbating the situation, Celsius Network, a prominent cryptocurrency lending service, has halted all withdrawals, exchanges, and transfers between accounts, citing &#8220;extreme market circumstances.&#8221; In an announcement, the firm clarified that this drastic action was essential to stabilize liquidity and operations as they endeavor to safeguard assets.<\/p>\n<p>Amidst the turbulence, there&#8217;s a glimmer of hope:  speculative behavior within the crypto sphere is actually on the rise. <\/p>\n<p>The digital currency realm is quickly being adopted by the online betting industry.  Bitcoin is no longer the only player; a wave of crypto-based casinos are emerging, each guaranteeing increased safety measures, expedited payment processing, and the numerous advantages associated with decentralized financial systems. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The digital currency landscape is undergoing a significant slump, with Bitcoin (BTC) spearheading the descent. Its value has tumbled below $25,000, a plunge of over 10% in a mere day. This substantial decrease brings Bitcoin to its lowest point since the end of 2020, representing a massive 60% reduction from its November 2021 zenith. This [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Crash: Crypto Market in Freefall?<\/title>\n<meta name=\"description\" content=\"Bitcoin plunges below $25,000, hitting a two-year low and dragging the entire crypto market down with it. Is this a temporary dip or a sign of worse to come? 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