Bitcoin recovers, climbs 7.6% to pass $20,400

Bitcoin recovers, climbs 7.6% to pass $20,400

A view of a representation of cryptocurrency Bitcoin plunging into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register June 19 (Reuters) – Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, … Read more

Crypto contagion fears spread after Celsius Network freezes withdrawals

Crypto contagion fears spread after Celsius Network freezes withdrawals

WASHINGTON, June 13 (Reuters) – Bitcoin fell as much as 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing “extreme” market conditions, in the latest sign of the financial market downturn hitting the cryptosphere. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 … Read more