Bitcoin Price at Jun 16 2022: 20,973 USD

Wise

Electoral Member
Mar 3, 2019
186
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Crypto markets really fell this month. Some investors got "burned."

Certain souvenir cryptocurrency coins representing three major digital tokens, including stablecoin tether, got caught in the downdraft as another stablecoin, terra, ended trading after 'its catastrophic failure,' says one Canadian expert, which 'contributed to the larger crypto sell-off.'

Not all people realised what kind of a risk they were getting themselves into.

"Extreme market conditions" are happening.

Bitcoin Price: Jun 15 - 22,503 USD

Bitcoin Price: Jun 16 - 20,973 USD

Bitcoin's (BTC) price neared $20,000 during European hours Wednesday as it extended a 12-week slide.

Crypto lender Celsius paused all withdrawals earlier this week citing "extreme market conditions," leading to questions about the firm’s liquidity.

Prominent crypto fund Three Arrows faced at least $400 million in liquidations and scrambled to lower its collateral levels by selling key positions Wednesday morning, as reported.
 

pgs

Hall of Fame Member
Nov 29, 2008
24,167
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What goes up must come down , when is the question . A sure fire sign is everyone including your brother in law jumping on the band wagon , time to sell . Stock market same principal , beware of the hype .
 

Wise

Electoral Member
Mar 3, 2019
186
10
18
Interesting. All those coins fell. Out of all those, Shiba Inu sure has a weird low price.