 Crypto market has lost $2 trillion in value June 14, 2022 - 10:44 AMT PanARMENIAN.Net - The cryptocurrency market saw its total market cap drop by roughly 12% on Monday, June 13 to just $980 billion. The sector as a whole has now seen more than $2 trillion in losses since its November 2021 peak, Fortune says. The crypto market was hit hard after crypto lender Celsius revealed it was suspending transactions, withdrawals, and transfers on its platform on Sunday citing “extreme market conditions.” The world’s largest crypto exchange, Binance, also briefly paused withdrawals, but has since resumed activity and called the interruption a result of “several minor hardware failures.” The world’s leading digital asset, Bitcoin, fell over 13% on Monday to below $23,000, the lowest it’s been since 2020. Despite a monumental rise in 2020 and 2021, after this year’s rout, Bitcoin is just 20% above its highs from the previous crypto market peak in December 2017.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Cyprus parliament honors Armenian genocide victims  Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham).Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |
