Crypto spirals downwards - Cryptoscams and Cryptofraud spirals upwards

Cryptocurrencies such as Bitcoin, Ethereum, Cardano, and more have fallen lately to levels not seen in years! What could have triggered this sell-off?

✚ Interest rate hikes have continued to increase in a bid to tame inflation, possibly causing investors to sell-off risky assets.

✚ Concerns have been growing that Celsius, a leading crypto staking and lending platform, is in the middle of a liquidity crunch.

✚ Binance, the world’s largest crypto exchange, paused Bitcoin withdrawals for over three hours last Monday due to a transaction hiccup causing a backlog.

At the same time, Cryptoscam and Cryptofraud spirals upwards.

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