“Crypto firms Celsius, Binance halt withdrawals as bitcoin plummets”
June 13, 2022
“Cryptocurrency companies on Monday blocked users from withdrawing funds as the value of bitcoin and other prominent digital assets plunged.
Crypto lending company Celsius Network announced late on Sunday night that it would freeze all withdrawals and transfers due to “extreme market conditions.” The move sparked an enormous selloff, with the price of bitcoin falling 12 percent to its lowest level since December 2020.
Binance, the world’s largest crypto exchange by trading volume, said Monday morning that it was freezing bitcoin withdrawals due to “due to a stuck transaction causing a backlog.”…”
I for one will not be withdrawing any of my crypto. In fact I will be putting more money in. The lower it goes the more I’m going to buy. Yea it sucks right now but what about in 5 years? Crypto isn’t going away folks. I say more power to the people pulling out. I’m able to buy more of it with less money. Lets see who has the last laugh.