{"id":196,"date":"2024-06-17T18:57:57","date_gmt":"2024-06-17T15:57:57","guid":{"rendered":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/"},"modified":"2024-06-20T17:01:33","modified_gmt":"2024-06-20T14:01:33","slug":"cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis","status":"publish","type":"post","link":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/","title":{"rendered":"Cryptocurrency Market Crash: Bitcoin Plummets Below $25,000 Amidst Widespread Panic and Celsius Crisis"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/LZLzYSGy0dk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The flagship cryptocurrency, Bitcoin, has plummeted below the $25,000 threshold, shedding over 10% of its worth in the preceding day and sending tremors throughout the digital asset realm. This represents the nadir Bitcoin has reached since late 2020, signifying a precipitous decline for the world&#8217;s dominant cryptocurrency, which has now surrendered over 60% of its value since its peak in November 2021.<\/p>\n<p>However, this downturn extends far beyond Bitcoin. The entire cryptocurrency market is in a state of rapid descent, with more than $400 billion in value evaporating in the past week alone. This brings the aggregate market capitalization of all cryptocurrencies below $1 trillion, a stark departure from the exuberant days of 2021 when the potential seemed limitless.<\/p>\n<p>Even other prominent cryptocurrencies such as Ethereum (ETH) and Dogecoin (DOGE) are experiencing significant losses, both down approximately 17% and reflecting the widespread panic gripping the market.<\/p>\n<p>Analysts attribute this crash to a confluence of factors. Investors are increasingly apprehensive about mounting inflation and the looming threat of a global recession, prompting them to divest from volatile assets like cryptocurrencies. This inherent volatility, a hallmark of the crypto market, is now resurfacing, potentially deterring those who were enticed by its meteoric ascent.<\/p>\n<p>Further exacerbating the situation, Celsius Network, a prominent cryptocurrency lending platform, has abruptly suspended all customer withdrawals, swaps, and inter-account transfers, citing &#8220;extreme market conditions.&#8221; This action has only heightened fears of a broader liquidity crisis within the crypto market.<\/p>\n<p>In a statement issued earlier today, Celsius sought to allay investor concerns, asserting: &#8220;We are implementing this necessary measure for the benefit of our entire community to stabilize liquidity and operations while we take steps to preserve and protect assets.&#8221; Nevertheless, the move has been met with widespread condemnation and apprehension, further undermining confidence in the already vulnerable crypto ecosystem.<\/p>\n<p>Paradoxically, amidst this market turmoil, there has been a notable surge in crypto gambling activity. It appears some are prepared to increase their risk and wager on a recovery, while others are desperately attempting to recoup their losses. Regardless, it serves as a stark reminder of the high-stakes, high-risk nature inherent in the cryptocurrency market. <\/p>\n<p>Internet wagering is exploding, with digital currency adding fuel to the flames. A growing number of sites now permit deposits and gameplay using Bitcoin and alternative cryptocurrencies. We&#8217;re witnessing the emergence of casinos crafted exclusively for crypto! This entire decentralized finance system is revolutionizing the industry, making financial interactions quicker and more secure for all participants. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The flagship cryptocurrency, Bitcoin, has plummeted below the $25,000 threshold, shedding over 10% of its worth in the preceding day and sending tremors throughout the digital asset realm. This represents the nadir Bitcoin has reached since late 2020, signifying a precipitous decline for the world&#8217;s dominant cryptocurrency, which has now surrendered over 60% of its [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Crash: Crypto Market in Freefall?<\/title>\n<meta name=\"description\" content=\"Bitcoin plunges below $25k, hitting a new low and sending shockwaves through the crypto world. Is this a buying opportunity or a sign of further decline? Click to learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency Market Crash: Bitcoin Plummets Below $25,000 Amidst Widespread Panic and Celsius Crisis\" \/>\n<meta property=\"og:description\" content=\"Bitcoin plunges below $25k, hitting a new low and sending shockwaves through the crypto world. Is this a buying opportunity or a sign of further decline? Click to learn more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"Embark on a Thrilling Casino Adventure | Licensed &amp; Trusted\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-17T15:57:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:01:33+00:00\" \/>\n<meta name=\"author\" content=\"Joseph &quot;Jester&quot; Adams\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joseph &quot;Jester&quot; Adams\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/\",\"url\":\"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/\",\"name\":\"Bitcoin Price Crash: Crypto Market in Freefall?\",\"isPartOf\":{\"@id\":\"https:\/\/godofgambling.icu\/#website\"},\"datePublished\":\"2024-06-17T15:57:57+00:00\",\"dateModified\":\"2024-06-20T14:01:33+00:00\",\"author\":{\"@id\":\"https:\/\/godofgambling.icu\/#\/schema\/person\/10155130defd671ba2aaa51237d1bec3\"},\"description\":\"Bitcoin plunges below $25k, hitting a new low and sending shockwaves through the crypto world. Is this a buying opportunity or a sign of further decline? Click to learn more.\",\"breadcrumb\":{\"@id\":\"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/godofgambling.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cryptocurrency Market Crash: Bitcoin Plummets Below $25,000 Amidst Widespread Panic and Celsius Crisis\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/godofgambling.icu\/#website\",\"url\":\"https:\/\/godofgambling.icu\/\",\"name\":\"Embark on a Thrilling Casino Adventure | Licensed &amp; Trusted\",\"description\":\"Unlock the secrets of casino success with our comprehensive news, in-depth game reviews, and informative articles. Experience the best of licensed online gambling at our platform.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/godofgambling.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/godofgambling.icu\/#\/schema\/person\/10155130defd671ba2aaa51237d1bec3\",\"name\":\"Joseph \\\"Jester\\\" Adams\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/godofgambling.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/godofgambling.icu\/wp-content\/uploads\/sites\/24\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/godofgambling.icu\/wp-content\/uploads\/sites\/24\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Joseph \\\"Jester\\\" Adams\"},\"description\":\"This talented writer holds a Master's degree in Mathematics and a Bachelor's in Economics. They have a strong foundation in game theory, microeconomics, and econometrics, which they apply to the study of strategic interactions and decision-making in casino settings. Their articles and news pieces provide readers with a unique perspective on the economic forces shaping the gambling industry and the strategies used by casinos to maintain competitiveness. They are passionate about educating readers on the importance of rational decision-making and responsible gambling practices.\",\"url\":\"https:\/\/godofgambling.icu\/author\/rweytrfgdafdsdsa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Price Crash: Crypto Market in Freefall?","description":"Bitcoin plunges below $25k, hitting a new low and sending shockwaves through the crypto world. Is this a buying opportunity or a sign of further decline? Click to learn more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/","og_locale":"en_GB","og_type":"article","og_title":"Cryptocurrency Market Crash: Bitcoin Plummets Below $25,000 Amidst Widespread Panic and Celsius Crisis","og_description":"Bitcoin plunges below $25k, hitting a new low and sending shockwaves through the crypto world. Is this a buying opportunity or a sign of further decline? Click to learn more.","og_url":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/","og_site_name":"Embark on a Thrilling Casino Adventure | Licensed &amp; Trusted","article_published_time":"2024-06-17T15:57:57+00:00","article_modified_time":"2024-06-20T14:01:33+00:00","author":"Joseph \"Jester\" Adams","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Joseph \"Jester\" Adams","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/","url":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/","name":"Bitcoin Price Crash: Crypto Market in Freefall?","isPartOf":{"@id":"https:\/\/godofgambling.icu\/#website"},"datePublished":"2024-06-17T15:57:57+00:00","dateModified":"2024-06-20T14:01:33+00:00","author":{"@id":"https:\/\/godofgambling.icu\/#\/schema\/person\/10155130defd671ba2aaa51237d1bec3"},"description":"Bitcoin plunges below $25k, hitting a new low and sending shockwaves through the crypto world. Is this a buying opportunity or a sign of further decline? Click to learn more.","breadcrumb":{"@id":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/godofgambling.icu\/2024\/06\/17\/cryptocurrency-market-crash-bitcoin-plummets-below-25000-amidst-widespread-panic-and-celsius-crisis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/godofgambling.icu\/"},{"@type":"ListItem","position":2,"name":"Cryptocurrency Market Crash: Bitcoin Plummets Below $25,000 Amidst Widespread Panic and Celsius Crisis"}]},{"@type":"WebSite","@id":"https:\/\/godofgambling.icu\/#website","url":"https:\/\/godofgambling.icu\/","name":"Embark on a Thrilling Casino Adventure | Licensed &amp; Trusted","description":"Unlock the secrets of casino success with our comprehensive news, in-depth game reviews, and informative articles. Experience the best of licensed online gambling at our platform.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/godofgambling.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/godofgambling.icu\/#\/schema\/person\/10155130defd671ba2aaa51237d1bec3","name":"Joseph \"Jester\" Adams","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/godofgambling.icu\/#\/schema\/person\/image\/","url":"https:\/\/godofgambling.icu\/wp-content\/uploads\/sites\/24\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/godofgambling.icu\/wp-content\/uploads\/sites\/24\/2024\/06\/man-avatar-96x96.png","caption":"Joseph \"Jester\" Adams"},"description":"This talented writer holds a Master's degree in Mathematics and a Bachelor's in Economics. They have a strong foundation in game theory, microeconomics, and econometrics, which they apply to the study of strategic interactions and decision-making in casino settings. Their articles and news pieces provide readers with a unique perspective on the economic forces shaping the gambling industry and the strategies used by casinos to maintain competitiveness. They are passionate about educating readers on the importance of rational decision-making and responsible gambling practices.","url":"https:\/\/godofgambling.icu\/author\/rweytrfgdafdsdsa\/"}]}},"_links":{"self":[{"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/posts\/196"}],"collection":[{"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/comments?post=196"}],"version-history":[{"count":1,"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/posts\/196\/revisions"}],"predecessor-version":[{"id":243,"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/posts\/196\/revisions\/243"}],"wp:attachment":[{"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/media?parent=196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/categories?post=196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/godofgambling.icu\/wp-json\/wp\/v2\/tags?post=196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}