Previously Bitcoin has been fluctuating between the $20K and $25K price marks. Billions of dollars have been wiped off due to the crash in its price, particularly in the last four weeks. The loss has become the primary cause of several firms’ liquidation issues in the crypto industry. Certain companies have taken hard steps to sustain and balance their financial stats. An example of such companies is Celsius, a crypto lending platform. In June, the company announced the suspension of withdrawals for users. It stated that the move was due to the conditions of the market. Related Reading: Ethereum Slides To $1,500 As Hype Around Merge Dies Down Another notable example is CoinFlex, a crypto exchange. At the time, the platform reported that it would halt withdrawals for its users. This resulted from a client who failed to meet up with repaying his debt to the forum. The crypto market is still struggling to get back on the bullish trend. Moreover, Bitcoin trades at a price just below $21,550 at the time of writing. Bitcoin Price On DBS Exchange Meanwhile, DBS has recently announced the increasing rate of digital currency transactions on its exchange. DBS is a Singapore-based digital investment company. According to its announcement, the transactions of digital currencies have doubled, dating from the last plunge in June. DBS crypto transactions’ success is quite surprising given the nature of the current crypto winter. ...
