Bitcoin Plunges Below $23,000 in the biggest crypto crash in 18 months| FXMAG.COM

Bitcoin plummeted below $23000 yesterday as the cryptocurrency market tumbled to a total value of below 1 trillion, its lowest value in 18months. The crypto sell-off appeared to begin on Friday following the release of US inflation data. US inflation was announced at 8.6%, higher than expected, which triggered a shift away from riskier assets.

Yesterday's major crash appeared to be heightened following decisions to halt withdrawals at two of the major crypto platforms. Crypto lending platform, Celsius announced on Monday that it was halting customer withdrawals due to 'extreme market conditions.' Shortly after Binance, a leading cryptocurrency exchange, temporally paused withdrawals due to a 'stuck on-chain transaction'.

ICM.COM Market Updates

ICM.com is a UK-based, global, multi-regulated broker, and financial services provider, providing online foreign exchange (FOREX) and Contract for Difference (CFDs) trading solutions as well providing access to most of the world’s stock exchanges via its ICM Securities platform.

ICM’s aim is to provide a safe online trading environment and comprehensive support to all its customers with no compromise on speed, performance, variety of instruments, or price.

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ICM.com have over 5,000+ products available including currencies (FOREX), Indices, Commodities, precious metals, futures, and cryptocurrencies making them a one-stop-shop for all your trading needs. Its products can be traded via the MetaTrader 4, MetaTrader 5, or cTrader platforms. The company also provides access to all the major stock exchanges globally via its ICM Securities platform.

Bitcoin Plunges Below $23,000 in the biggest crypto crash in 18 months

ICM.COM Market Updates

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