The value of the bitcoin reached less than 22 22,000
LONDON: The bitcoin has hit an all-time low of 21 21,235. The reason is that on Sunday night, the world’s largest platform for cryptocurrency transactions, Celsius Network, has temporarily suspended the sale and purchase of cryptocurrency.
It has affected all cryptocurrencies, including bitcoins, and the price of its own token, which was 7 7 a year ago, is now only 21 cents. Thus, since January 2021, the volume of the crypto market has shrunk to one trillion dollars.
Within an hour of this decision, the cryptocurrency market was shaken and even the strongest currencies and tokens began to waver. The bitcoin was the hardest hit, losing 12% in 24 hours.
Earlier, the bitcoin reached its lowest level in December 2020. Then in November 2021, touching the highest level, the price of a coin was 69 thousand dollars. The other currency is Ethereum, which has lost 14% to 12 1,200.
On the other hand, another trading and exchange firm, Binance, has also temporarily suspended bitcoin transactions. However, its CEO said that a long backlog has been created in the transaction and trading has been stopped due to this. Earlier, he said that the issue would be resolved in half an hour but trading has not been opened yet.
On the other hand, bitcoin mining activities have also been suspended.
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