BTC - Why Bitcoin Ethereum and Dogecoin Dropped Double Digits Today
The world of cryptocurrency is having something of a meltdown today as most valuations are dropping double digits. On the Celsius Network, which is related to the Celsius (CRYPTO: CEL) token, halting transfers has been a catalyst but the fallout hasn't been contained to any single cryptocurrency; everything is down big.
Bitcoin (CRYPTO: BTC) has dropped 14.8% in the last 24 hours as of 10:30 a.m. ET, Ethereum (CRYPTO: ETH) has dropped 16.8%, and Dogecoin (CRYPTO: DOGE) is down 15.5%.
The biggest news in the last day has been Celsius Network freezing withdrawals, which spooked the market as a whole. The Celsius Network is a cryptocurrency lending company, which connects borrowers and lenders in a decentralized network. In a blog post, the company said in part:
For further details see:
Why Bitcoin, Ethereum, and Dogecoin Dropped Double Digits Today