💥CRYPTO CRASHES AMID SELLOFF / BINANCE HALTS BTC TRANSACTIONS💥
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💥A market selloff has basically resulted in exactly what you would expect with things looking like all hell is breaking loose. Binance has halted all bitcoin withdrawals following Celsius' announcement to block all redemptions in which case it prevent/blocked customers from being able to transfer and withdraw their funds from the platform in a dramatic pace of events which has helped to fuel this massive sell-off we've seen across the crypto/digital market with over $200 billion dollars being wiped off the sectors market cap in the past 24 hours alone and bringing BTC to levels it hasn't seen since 2020 with most of the market being in the same boat as well now.
⚡️This is following the global central bank and the U.S Federal Reserve facing mounting pressure on an economy that seems to still be getting hit harder month by month with red hot inflation even with the basis point rate hikes they keep kicking in giving the idea that they may have to do more high rate hikes to cool inflation. Most stocks are in the same boat too with much of the market and the S&P 500 down at levels we haven't seen since the start of the pandemic. In November the market cap was 3.2 trillion dollars at it's peak now having fallen to $1 trillion as of Monday.
⚡️Binance which as most already know being the biggest crypto exchange by trading volume told users that it had suspended withdrawals of bitcoin temporarily from the platform thanks to a "stuck transaction" on the Bitcoin network due to a backlog with it's CEO Changpeng originally stating the fix would take 30 minutes then informed users a few minutes later that the issue instead was going to take a more time to resolve and sort out with that now being over 90 minutes ago amid the market selloff that is going on. This is also following the Celsius networks announcement to suspend withdrawals helping to fuel the massive selloff.
📉On top of that over $1 Billion dollars has been liquidated in the past 24 hours based off coinless data with $100 million of that being in Bitcoin alone. The market's had that selloff now and this is part of what's helped to fuel the sell off for those of you that may have been wondering! I hope this has helped you guys out and keep posted for more Ideas as always by giving a follow and hitting that like button, thank you! Wishing the best as always
~ Rock
💥A market selloff has basically resulted in exactly what you would expect with things looking like all hell is breaking loose. Binance has halted all bitcoin withdrawals following Celsius' announcement to block all redemptions in which case it prevent/blocked customers from being able to transfer and withdraw their funds from the platform in a dramatic pace of events which has helped to fuel this massive sell-off we've seen across the crypto/digital market with over $200 billion dollars being wiped off the sectors market cap in the past 24 hours alone and bringing BTC to levels it hasn't seen since 2020 with most of the market being in the same boat as well now.
⚡️This is following the global central bank and the U.S Federal Reserve facing mounting pressure on an economy that seems to still be getting hit harder month by month with red hot inflation even with the basis point rate hikes they keep kicking in giving the idea that they may have to do more high rate hikes to cool inflation. Most stocks are in the same boat too with much of the market and the S&P 500 down at levels we haven't seen since the start of the pandemic. In November the market cap was 3.2 trillion dollars at it's peak now having fallen to $1 trillion as of Monday.
⚡️Binance which as most already know being the biggest crypto exchange by trading volume told users that it had suspended withdrawals of bitcoin temporarily from the platform thanks to a "stuck transaction" on the Bitcoin network due to a backlog with it's CEO Changpeng originally stating the fix would take 30 minutes then informed users a few minutes later that the issue instead was going to take a more time to resolve and sort out with that now being over 90 minutes ago amid the market selloff that is going on. This is also following the Celsius networks announcement to suspend withdrawals helping to fuel the massive selloff.
📉On top of that over $1 Billion dollars has been liquidated in the past 24 hours based off coinless data with $100 million of that being in Bitcoin alone. The market's had that selloff now and this is part of what's helped to fuel the sell off for those of you that may have been wondering! I hope this has helped you guys out and keep posted for more Ideas as always by giving a follow and hitting that like button, thank you! Wishing the best as always
~ Rock
