₦airaland Forum

Bitcoin Plunges Below $20K for First Time Since December 2020; Ether Drops Below $1K

Bitcoin (BTC) sank below $20,000 for the first time since December 2020, losing 9.5% in the past 24 hours. At time of publication, the largest cryptocurrency by market cap was changing hands around $18,984.1 after trading at a low of $18,739.50.

Ether (ETH), the second largest crypto, also continued its decline, falling 9.78% to about $992 at time of publication.

The crypto panic – which began a few weeks ago with the Terra ecosystem collapse and then spread to the Celsius platform – has moved on to hedge fund Three Arrow Capital, which reportedly had its collateral liquidated by crypto lender BlockFi.

Checking traditional markets, U.S. stocks saw more massive selling on Thursday, with the Nasdaq tumbling 4.1% and the S&P 500 3.25% before a slight recovery on Friday. For the week, the Nasdaq and S&P are each lower by about 6%.

https://www.google.com/amp/s/www.coindesk.com/markets/2022/06/18/bitcoin-plunges-below-20k-for-first-time-since-dec-2020/%3foutputType=amp

The end is nigh.

WAGMI

Nothing is sure these days, even nothing like SURE 2 ODDS, cryptos were also down, Buhari and his cohorts are doing there own, Soap self no bring money, No where to run to, wetin person go dey chop now.

It's definitely going up again

We move..
The first thing you must have before venturing into crypto is a stone heart.

a speculative asset , made valuable by bunch of gamblers. that Called themselves investors , , I no they pity anybody wey lose money ,cause the truth is that that virtual coin has no real worth

I don't understand this crypto thing but I'm sure it will still rise.

Its not the end ....after regulation. Everyone will kmlw its stands.

..... Omooooo and I just wanted to buy some Bitcoin ....thank God

''Aboki abeg cut suya 2k for me'

Make I chop my hard earned live and direct money, drink cold malt....any thing crypto...u are on ur own... it's a world of gamble...no Free money anywhere oooo

Gbese

I don't know what to say, but permit me to say NOTHING

Chai

Where's the 'buy the dip' crew

Crypto don caste be that

I don cry tire
It's well

I lost over 23k dollars to ALT coins

Almost 14m Naira hey God
I for go buy Mercedes ML 2013 model rest

He don happen

It's really hurts

I've been aware of BTC since 2017. I've never put any money into it or any other cryptocurrency. I exclusively use it to receive payment from my clients in the US. I use it for deposits and withdrawals as a forex trader. Prior to the start of this bear, when the price was 31k. As usual, I received a payment. So I forgot about the money in my trust wallet, which I was supposed to covert to USDT, but I didn't. The present price comes as a shock to me. From $31k to $19k. The thing dey pain me as I need the money now. And I can't withdraw it as the loss will be too much. I don't even know where to get money to complete what I'm supposed to use the money for. God go send me helper as usual sha

Hmmmmm big gbese (lost)

thats a good one.. lemme go and sell my land go buy bitcoin

at least bitcoin Ministers on nairaland will calm down with preaching the Gospel of bitcoin on nairaland

The same way it went down below $4k from $19k as at late 2017... And of course, it got way above $67k through late 2021...
4 years
Bitcoin

One is a chance!
Twice is a coincidence!!
Third is a Pattern!!!

Bad market for Bitcoin holders. Check on your friends, make sure Sniper is out of reach

Low low low low buga eh!

Investors see opportunity while others see crisis it's up to you to see from either angels

Lol

Wahala for investors

Thank God I sold all my cryptos in March

Never will I use my money to buy any cryptocurrency.

Not saying they're scam, but you need sound knowledge to make it.

Yahoo boys will not have anything to cling unto to lie.

It should go to $1,000

E go soon rise

Some people actually predicted this just 3 days ago...
Hmm...
A very depressing time for crypto traders indeed!