Bitcoin drops
12%

Over the weekend, the crypto market lost $200 billion.

Bitcoin fell
below $24,000 late Monday, the lowest level since December 2020.

Crypto market
is falling due to some macro factors.

First, due to
rampant inflation in the Market

Second, the US Federal Reserve is expected
to raise interest rates
this week to control
rising prices.

Since mid-May, the cryptocurrency
market has also
been volatile.

Due to market conditions, the cryptocurrency lending company Celsius has halted all withdrawals.

"Cryptocurrencies a
 very risky investment for most retirement savers"
Treasury Secretary Janet Yellen