Bitcoin Crumbles, Crypto Falls, Another Sign Of The Emerging Recession

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.

Almost all Cryptocurrencies took a significant hit this week after U.S. crypto lender Celsius froze withdrawals and transfers between all customer accounts. The move spurred on fears of wider fall-out in cryptocurrency markets already shaken by the demise of the LUNA token last month.



The founder of LUNA reportedly used the token scheme to defraud investors, withdrawing more than $80 million per month for himself before letting the token crash.

[link to www.thegatewaypundit.com (secure)]