Crypto currency news stories for June 7, 2023:
- Bitcoin (BTC) Price Falls Below $20,000 for First Time Since December 2020.The price of Bitcoin fell below $20,000 for the first time since December 2020, as the broader crypto market continued to sell off. BTC is currently trading at $19,500, down 20% in the past 24 hours.
- Ethereum (ETH) Price Falls Below $1,000 for First Time Since January 2021.
The price of Ethereum also fell below $1,000 for the first time since January 2021, as the sell-off in the crypto market intensified. ETH is currently trading at $950, down 25% in the past 24 hours. - Crypto Lender Celsius Network Pauses Withdrawals, Swaps, and Transfers. Crypto lender Celsius Network has paused withdrawals, swaps, and transfers on its platform, citing "extreme market conditions." The move has sent shockwaves through the crypto community, as Celsius is one of the largest crypto lenders in the world.
- Crypto Exchange Binance to Stop Trading in Iran. Crypto exchange Binance has announced that it will stop trading in Iran, in compliance with new sanctions imposed by the United States. The move comes as the US government has been cracking down on Iran's crypto industry.
- Crypto Firm Three Arrows Capital Files for Bankruptcy. Crypto hedge fund Three Arrows Capital has filed for bankruptcy in the United States, becoming the latest casualty of the crypto market crash. The firm is reportedly facing $400 million in debt.
These are just a few of the top crypto currency news stories for today. For more news and updates, please visit our website or follow us on social media.
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