The cryptocurrency market continued to decline on May 26, 2023, with Bitcoin falling below $26,000. Ethereum also fell below $1,700. Crypto lender Celsius Network has paused all withdrawals, swaps, and transfers between accounts. Binance CEO CZ says the crypto market could bottom out in July. Crypto exchange Kraken to launch bank account in the UK.
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| Cryptocurrency Market Continues to Decline, Bitcoin Falls Below $26,000 |
- Bitcoin (BTC) Price Falls Below $26,000
Bitcoin's (BTC) price fell below $26,000 on May 26, 2023, as the cryptocurrency market continued to decline. BTC is now down more than 70% from its all-time high of $68,789, which was set in November 2021.
- Ethereum (ETH) Price Falls Below $1,700
Ethereum (ETH) price also fell below $1,700 on May 26, 2023. ETH is now down more than 80% from its all-time high of $4,861, which was set in November 2021.
- Crypto Lender Celsius Network Freezes Withdrawals
Crypto lender Celsius Network announced on May 12, 2023 that it was pausing all withdrawals, swaps, and transfers between accounts. The company cited "extreme market conditions" as the reason for the decision.
- Binance CEO CZ Says Crypto Market Could Bottom Out in July
Binance CEO Changpeng Zhao (CZ) said on May 25, 2023 that he believes the crypto market could bottom out in July. CZ said that he is "seeing some signs of accumulation" in the market, but that it is still too early to say for sure when the bottom will be reached.
- Crypto Exchange Kraken to Launch Bank Account in the UK
Crypto exchange Kraken announced on May 25, 2023 that it will be launching a bank account in the UK. The account will allow UK customers to deposit and withdraw funds from their Kraken accounts using their UK bank accounts.
These are just a few of the latest cryptocurrency news headlines for May 26, 2023. For more news and updates, please visit our website or follow us on social media.
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