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What is Celsius and why is it crashing?
The crypto lending platform paused withdrawals as Bitcoin spiraled downwards, sending its own token plummeting. Here’s what happened.
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Cryptocurrencies must die
Bitcoin had gone from around USD 4,000 to USD 64,000, a sixteen fold increase, in 20 months. Other cryptocurrencies had even more ridiculous price increases in the same time period – Ethereum had a 50 fold increase, Solana 500 times, and LUNA had a 1,000 times increase. Now, these cryptocurrencies are crashing down.