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Cryptocurrencies Appear to Have Seen the Worst of Crypto Winter

In June, the global cryptocurrency market experienced a significant slump after crypto lending company Celcius Network froze transfers and withdrawals due to “extreme conditions.” Although the crypto decline had begun as early as November 2020 when Bitcoin saw its value fall below $20,000, the market nearly collapsed in June as a majority of cryptocurrencies saw their values drop by more than 90%.

Bitcoin, which is the largest and most popular cryptocurrency in the world, dropped in value by more than 70% while Ethereum fell past $1,000. Crypto prices began to level out after the drop in June, with Bitcoin leveling out at $23,000 to $24,000 and other digital currencies such as Ethereum have rallied over the…

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CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

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