06-14-2022, 03:10 PM
- Bitcoin briefly dropped below $21,000 on Tuesday in Asia before bouncing back slightly, continuing its plunge as investors sold off risk assets.
- The world’s largest cryptocurrency fell around 10% in the past 24 hours, while ethereum tumbled more than 6% over the same period, according to Coinbase data.
- Crypto assets were hammered on Monday as trading platforms such as Celsius and Binance stopped withdrawals, and some companies cut jobs.
![[Image: 107050172-1650624264552-gettyimages-1237...&ffmt=webp]](https://image.cnbcfm.com/api/v1/image/107050172-1650624264552-gettyimages-1237821578-widak-mogolaun220119_npJZN.jpeg?v=1655175857&w=740&h=416&ffmt=webp)
Bitcoin briefly fell below $21,000 on Tuesday in Asia before bouncing back slightly, continuing its plunge as investors sold off risk assets.
The world’s largest cryptocurrency fell around 10% in the past 24 hours, while ethereum tumbled more than 6% over the same period, according to Coinbase data.
Bitcoin was last trading at $22,594.50 at 2.53 a.m. ET.
“Everything is on fire right now, be it the equities, be it the crypto assets or anything,” said Nirmal Ranga, head of trading and technical analysis at crypto exchange ZebPay.
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