California Is Investigating ‘Multiple’ Crypto Lending Companies
— Companies, Investigating, Plunge, Prices, Lending, Past, Multiple, Prominent, Withdrawals, Tumbling — 1 min read
Several prominent crypto lenders have frozen withdrawals and transfers as they contend with liquidity crises. The market downturn has caused crypto prices to plunge to their lowest levels since Dec. 2020. Bitcoin tumbled below $20,000 several times in June, with bitcoin tumbling below that level several times. Bitcoin prices have plunged to $10,000 since June, according to the latest figures on the market. In the past few months, several prominent crypto-lovers have frozen out of business with frozen withdrawals, transfers and transfers. Bitcoin is now trading at $6,000 per day, down from $8,000 to $5,500 per day. The market has been on a bear market since December 31, when prices dropped to $7,000. Source