Naijatechnews reported on May 19 that cryptocurrencies fell sharply today. Bitcoin has now fallen by more than 25%. Retail investors’ panic has intensified, and the crowded capital withdrawal has caused serious stagnation or even collapse of platforms such as Binance. In response, cryptocurrency trading platform Binance announced the suspension of withdrawals from Ethereum and ERC20.
In addition, the Coinbase platform is also severely stalled, at least there is almost no response when the editor visits (update: Bloomberg reported that Coinbase is investigating the platform downtime).
As can be seen from the figure below, popular currencies such as Bitcoin, Ethereum, and Dogecoin have fallen sharply, with a maximum drop of nearly 50%.
Reminder : Investment is risky, and you need to be cautious when entering the market. Digital currency investment has greater risks and unpredictability, and this article does not constitute any form of investment encouragement and advice.