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Thursday, July 3, 2025

First Mover Asia: What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K - CoinDesk

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The largest cryptocurrency by market capitalization fell to less than a third of its all-time high of nearly $70,000 just eight months ago and less than half of where it perched at the start of 2022.
It was down 16% over the past 24 hours, a rare single-day, double-digit dip, and off over 30% from a month ago when it settled around $30,000 following the collapse of the TerraUSD token. It fell for the seventh consecutive day.
So did cryptos in general, whose combined market cap tumbled below $1 trillion for the first time since early 2021 amid ongoing inflation fears and a torrent of bad news from various protocols, including crypto lending platform Celsius' announcement that it was pausing...



Read Full Story: https://www.coindesk.com/markets/2022/06/14/first-mover-asia-what-analysts-ar...

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