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[size=30]Cryptocurrencies are suffering.. Bitcoin records the largest decline in two years
2022-06-14
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Yes Iraq: Follow up
The losses of cryptocurrencies, led by Bitcoin, expanded, affected by investors' fears of larger increases in interest rates that the US Federal Reserve might introduce to control inflation.
Bitcoin, the world's largest cryptocurrency, fell by as much as 10% to reach $ 20.8 thousand, the lowest level since December 2020, before paring some of its losses to trade at a price of $ 21.9 thousand, with the price of another group of cryptocurrencies, including Ethereum and Avalanche, falling.
More than $1.1 billion was liquidated in the cryptocurrency markets on Monday, of which about $685 million were long-term contracts and $468 million were short-term, according to Coinglass data, the largest number of long and short trades in at least the past three months.
Cryptocurrencies, which have struggled amid Federal Reserve policy in recent months, have been hit particularly hard, after the collapse of the Terra/Luna system last month and Celsius halting withdrawals Monday morning Asian time further eroded confidence in Cryptocurrency world.
https://yesiraq.com/%d8%a7%d9%84%d8%b9%d9%85%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d9%85%d8%b4%d9%81%d8%b1%d8%a9-%d8%aa%d8%b9%d8%a7%d9%86%d9%8a-%d9%88%d8%a8%d8%aa%d9%83%d9%88%d9%8a%d9%86-%d8%aa%d8%b3%d8%ac%d9%84-%d8%a7%d9%83/
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