Connect with us
ANE Scholarship
Categories:
X

Technology

Bitcoin Drops Below $20,000 As Crypto Plunge Continues

Published

on

Kindly share this post:

Anti Bitcoin Cryptocurrency

The price of Bitcoin fell below $20,000 for the first time since late 2020 in a new sign the selloff in cryptocurrencies is deepening.

HEY! Download & Install The New ANE Android App To Your Device
Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You.



Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9 percent to less than $19,000, according to CoinDesk, a United States-based exchange platform.

The last time Bitcoin was at this level was November 2020 when it was on its way up to its all-time high of nearly $69,000.

Bitcoin has now lost more than 70 percent of its value since reaching that peak.

ANE

ANE Scholarship

Ethereum, another widely followed cryptocurrency that is been sliding in recent weeks, took a similar tumble on Saturday.

It is the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets. Investors are selling off riskier assets because central banks are raising interest rates to combat quickening inflation.

A spate of crypto meltdowns has erased tens of billions of dollars of investors’ assets and sparked urgent calls to regulate the freewheeling industry.

Cryptocurrency lending platform Celsius Network said this month it was pausing all withdrawals and transfers, with no sign of when it would give its 1.7 million customers access to their funds.

USDT, a stablecoin on the Terra ecosystem, imploded last month, erasing tens of billions of dollars in a matter of hours.

The sector has also suffered losses after companies such as Coinbase Global Inc, Gemini. and Blockfi said they would lay off thousands of employees as investors ditch risky assets.

The situation showed how interconnected big players in the cryptocurrency financial system are and how fast perceptions can spread.


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment

Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Don’t Miss!

Join "ANE sabi" clique

Don't miss a thing, get ogbonge ANE latest updates to fuel your conversation daily.




Latest Exchange Rate

Donate To ANE!


Mind buying a coffee to support us here at All Naija Entertainment?. Yes?

Donate Now
Sports27 mins ago

Why Sadio Mane Left Liverpool – Agent Reveals

Entertainment31 mins ago

“Why Many Artistes Find It Hard To Handle Fame” – Singer, Orezi Speaks, Reveals His Most Embarrassing Moment

News35 mins ago

Ekweremadu: Immigration Probes Organ Donor’s Passport

News38 mins ago

Ekweremadu: Ohanaeze Writes UK Embassy, Issues Warning To Blackmailers

News40 mins ago

Northern Govs’ Interest In Tinubu Not Genuine, May Ditch Him For Atiku – Akintoye

Bola Tinubu
News45 mins ago

2023: Some ‘Unknown Persons’ Stole My Academic Certificates – Tinubu Tells INEC

Jack-Rich Asks Buhari, Others to Prepare for Bleak Economy in 2023
News1 hour ago

Jack-Rich Asks Buhari, Others to Prepare for Bleak Economy in 2023

King Sunny Ade
Entertainment2 hours ago

Woman claims Sunny Ade is her father, details years-long paternity dispute

Tambuwal’s foreign scholarship for medical degrees produces 55 graduands
Education2 hours ago

Tambuwal’s foreign scholarship for medical degrees produces 55 graduands

Ejeviome Otobo, missing ex-Nigerian diplomat, found dead in US
News2 hours ago

Ejeviome Otobo, missing ex-Nigerian diplomat, found dead in US

Central chest pain shouldn’t be ignored, could be early sign of heart attack –Cardiologist
Technology3 hours ago

Central chest pain shouldn’t be ignored, could be early sign of heart attack –Cardiologist

Snoring shouldn’t be ignored, can trigger impotence in men – surgeon
Technology3 hours ago

Snoring shouldn’t be ignored, can trigger impotence in men – surgeon

Delta police arrest man for beheading son
News3 hours ago

Delta police arrest man for beheading son

How NASA might protect tomorrow's astronauts from deep space radiation
Technology3 hours ago

How NASA might protect tomorrow’s astronauts from deep space radiation

Ousmane Dembele
Sports5 hours ago

Ousmane Dembele disappointed by Chelsea offer as Raheem Sterling approach hampers deal

Manchester United respond to claims Cristiano Ronaldo could make Chelsea transfer
General5 hours ago

Manchester United respond to claims Cristiano Ronaldo could make Chelsea transfer

Actor Itele breaks silence as his secret affair with actress, Debankee is exposed (Details)
Entertainment5 hours ago

Actor Itele breaks silence as his secret affair with actress, Debankee is exposed (Details)

“He kept his father in an awkward position” Pete Edochie’s ‘sad’ look as he finally meets his grandson gets many talking
Entertainment6 hours ago

“He kept his father in an awkward position” Pete Edochie’s ‘sad’ look as he finally meets his grandson gets many talking

“Living my best life” Eniola Badmus peppers haters as she goes on vacation in style
Entertainment6 hours ago

Living my best life possible Eniola Badmus lashes out at detractors as she enjoys a luxurious vacation.

“You are such a humble superstar” Mo Bimpe eulogises husband, Lateef Adedimeji as he bags an award in Vienna, Austria
Entertainment6 hours ago

“You are such a humble superstar” Mo Bimpe eulogises husband, Lateef Adedimeji as he bags an award in Vienna, Austria

At 35 years old, actress Caroline Danjuma still shines (Photos)
Entertainment6 hours ago

At 35 years old, actress Caroline Danjuma still shines (Photos)

5 American celebrities who explained why they don't want children
Entertainment7 hours ago

5 American celebrities who explained why they don’t want children

Can you bring your own food and drink to Glastonbury 2022?
Entertainment7 hours ago

Can you bring your own food and drink to Glastonbury 2022?

Lily Allen ‘overwhelmed’ after performing with Olivia Rodrigo at Glastonbury after almost three years sobriety
Entertainment7 hours ago

Lily Allen ‘overwhelmed’ after performing with Olivia Rodrigo at Glastonbury after almost three years sobriety

Music10 hours ago

[Music] Ruger – Girlfriend

Music10 hours ago

[Music] DaBaby, Davido – SHOWING OFF HER BODY

Sports10 hours ago

Manchester City Agree £45m Deal For Leeds United Midfielder

Sports11 hours ago

Rivers United Have Officially Won The NPFL League For 2021/2022

Sports11 hours ago

Super Eagles Striker, Awoniyi Joins Nottingham Forest For Club Record Fee

Ekweremadu
News11 hours ago

UK’s Lincoln University Suspends Ekweremadu As Visiting Professor

Bola Tinubu
News11 hours ago

Running Mate: APC, Tinubu Limits Search To Borno, Kano, Kaduna

Mc Oluomo - Bola Tinubu
News11 hours ago

Certificate Or No Certificate, Tinubu Is Nigeria’s Next President – MC Oluomo

Bayo Onanuga
News11 hours ago

Those Questioning Tinubu’s Academic Qualification Are PDP Agents – Bayo Onanuga

News11 hours ago

Atiku, Ayu Criticised For Shunning Ekiti PDP Campaign

Olusegun Obasanjo
News11 hours ago

I Made A Mistake Picking My “Number Two” In The 1999 Election – Obasanjo

Buhari’s Democracy Day Season Letter: The Challenge of World War III Blitzkrieg in Nigeria
News11 hours ago

You Can Now Invest Seamlessly In Nigeria – Buhari To Nigerians Abroad

News11 hours ago

Traders Suffer Losses As Flood Washes Away Shops In Anambra Market

News11 hours ago

Your Incitement Cannot Save Oyetola – PDP Mocks Abdullahi Adamu

MY SISTER-IN-LAW AND I Story by HUSNA MUHAMMAD YUNUS _ AllNaijaEntertainment
ANE Stories1 day ago

[STORY] MY SISTER-IN-LAW AND I (Complete Episodes)

Ohanaeze Ndigbo
News1 day ago

SE Traitors In APC, PDP Will Retire From Politics Prematurely – Igbo Elders

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories6 days ago

[STORY] BETTY AND THE BEAST (Episode 13)

Done deal at Stamford Bridge after hours of negotiation for the transfer of a world-class player
Sports5 days ago

Done deal at Stamford Bridge after hours of negotiation for the transfer of a world-class player

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories7 days ago

[STORY] BETTY AND THE BEAST (Episode 12)

All You Need to Know About Katrin Zytomierska Whom Her Instagram Post Of Gerard Pique With New Mystery Girl Goes Viral
Celebrities4 days ago

All You Need to Know About Katrin Zytomierska Whom Her Instagram Post Of Gerard Pique With New Mystery Girl Goes Viral

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories7 days ago

[STORY] BETTY AND THE BEAST (Episode 11)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories5 days ago

[STORY] BETTY AND THE BEAST (Episode 15)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] BETTY AND THE BEAST (Episode 16)

SADE's HEART TALE by Amah's Heart _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] SADE’S HEART TALE (Complete Episodes)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Complete Episodes)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories5 days ago

[STORY] BETTY AND THE BEAST (Episode 14)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] BETTY AND THE BEAST (Episode 17)

Journey Band
Music6 days ago

[Music] Journey – Open Arms

FLIRTATIOUS story by Opeyemi Ojerinde Akintunde _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] FLIRTATIOUS (Episode 40)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Complete Episodes)

The King and I: Texas star Sharleen Spiteri on why she is still all shook up by Elvis
Entertainment7 days ago

The King and I: Texas star Sharleen Spiteri on why she is still all shook up by Elvis

Music5 days ago

[Music] Drake, 21 Savage – Jimmy Cooks

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 01)

SADE's HEART TALE by Amah's Heart _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] SADE’S HEART TALE (Episode 01)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories3 days ago

[STORY] BETTY AND THE BEAST (Episode 19)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 11)

FLIRTATIOUS story by Opeyemi Ojerinde Akintunde _ AllNaijaEntertainment
ANE Stories5 days ago

[STORY] FLIRTATIOUS (Episode 39)

‘I think everyone is looking for the summer of their lives’: Nina Nesbitt on returning to the stage, TikTok and her long-awaited third album
Entertainment7 days ago

‘I think everyone is looking for the summer of their lives’: Nina Nesbitt on returning to the stage, TikTok and her long-awaited third album

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 08)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 02)

SADE's HEART TALE by Amah's Heart _ AllNaijaEntertainment
ANE Stories3 days ago

[STORY] SADE’S HEART TALE (Episode 02)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 04)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 06)

Lucky Fans Finds Davido's Customized Jacket After His Performance In Boston, USA
Entertainment7 days ago

Lucky Fans Finds Davido’s Customized Jacket After His Performance In Boston, USA

Money Heist: Korea – Joint Economic Area
Movie Subtitles1 day ago

DOWNLOAD Complete Money Heist: Korea Season 1 (S01) – Joint Economic Area Subtitles File [English SRT] 2022 (Episode 1-6)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Final Episode 15)

Suraj Jagan & Sharman Joshi - Give Me Some Sunshine (3 Idiots)
Music4 days ago

[Music] Suraj Jagan & Sharman Joshi – Give Me Some Sunshine (3 Idiots)

BETTY AND THE BEAST by MIRIAM EDEM _ AllNaijaEntertainment
ANE Stories3 days ago

[STORY] BETTY AND THE BEAST (Episode 18)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 03)

I CHEATED ON MY WIFE Story _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] I CHEATED ON MY WIFE (Episode 04)

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 10)

Netflix seeks recruits for real-life ‘Squid Game’
Entertainment6 days ago

Squid Game Season 2 Cast, Story, Trailer, Release Date, Episodes, OTT Platform

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 09)

Kizz Daniel Releases Sensational New Visuals To Hit Track "Buga" Ft Tekno Miles
Entertainment4 days ago

Kizz Daniel Releases Sensational New Visuals To Hit Track “Buga” Ft Tekno Miles (Directed by TG Omori)

Wizkid
Lyrics6 days ago

Kay Switch feat. Olamide & Wizkid – For Example (Remix) [Lyrics]

THE PROPER MRS by Onyekachi Ikeh _ AllNaijaEntertainment
ANE Stories4 days ago

[STORY] THE PROPER MRS (Episode 05)

ANE Billboard Hots!