Hargreaves Lansdown News
22.06 / 14:39
cryptocurrency
Celsius
Crypto's latest meltdown leaves punters bruised and bewildered
crypto lender Celsius was an ideal place to stash his digital currency holdings — and earn some spending money from its double-digit interest rates along the way. «I was probably earning $100 a week,» at sites like Celsius, said Fong, a 29-year civil aerospace worker who lives in the central English city of Derby. «That covered my groceries.» Now, though, Fong's crypto — about a quarter of his portfolio — is stuck at Celsius.
14.06 / 07:55
inflation
Bitcoin
Bitcoin Price
market value
Bitcoin slumps below $23,000; crypto market value slips below $1 trillion
Bitcoin tumbled Monday to an 18-month low under $23,000 in a broad cryptocurrency crash, as investors shunned risky assets in the face of a vicious global markets selloff, just seven months after the virtual unit surged to a record high. The world's most popular crypto asset also took a heavy knock from news that crypto lending platform Celsius Network paused withdrawals, citing volatile conditions. Losses accelerated as major exchange Binance temporarily suspended bitcoin withdrawals but advised customers to use other networks. World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high.
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