Bitcoin fell again on Wednesday to yet another 18-month low, spurring a sharp drop in crypto markets, made even worse by crypto lending giant Celsius freezing all customer withdrawals.
The world’s largest cryptocurrency, Bitcoin, dropped another 7.8% to $20,289, the lowest value since December 2020. The currency has lost 28% of its value since Friday and more than 50% over the last month.
It has dropped more than 70% from its peak of $69,000 in November of 2021.