Latest cryptocurrency crash has left investors in doubt [Wealth Professional (Canada)]
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Source: Wealth Professional
Latest cryptocurrency crash has left investors in doubtFor many, regulators' warnings about the dangers of investing in crypto are now turning into realityByJean DondoJun 22, 2022ShareLast week, Celsius, the New Jersey-based crypto lender suspended withdrawals for its 1.7 million customers, citing "extreme" market conditions and sparking a sell-off that wiped hundreds of billions of dollars from the paper worth of cryptocurrencies throughout the world.Among those affected is Jeremy Fong, a UK Crypto investor, who told Reuters he had considered Celsius the perfect place to save his digital currency while also earning him some spending money thanks to its double-digit interest rates. About a fourth of his portfolio is now frozen at Celsius, and his crypto assets have dropped in value by almost 30%.The crash of two other prominent tokens last month shocked acrypto sector already under stressFor the first time since December 2020, Bitcoin dipped below US$20,000 on June 18. This year, it h
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