HONG KONG : Cryptocurrencies tumbled afresh on Tuesday, with bitcoin and ether falling to new 18-month lows, after major cryptocurrency lending company Celsius Network's freezing of withdrawals delivered the latest jolt to investors in the asset-class.
The world's largest cryptocurrency is down over 50 per cent year to date and 28 per cent since Friday. The sell off was a result of Celsius' suspension of withdrawals and Friday's high U.S. inflation data driving expectations of sharper interest rate rises from the Federal Reserve, said Singapore based fund manager QCP Capital in a note.Celsius said in a blog post https://blog.celsius.
Crypto investors should be used to panicking now🤣
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