HONG KONG The cryptocurrency industry was on edge on Monday (June 20) morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. Bitcoin which has lost 57 per cent so far this year and 37 per cent this month, fell below US$20,000 (S$27,700) over the weekend for the first time.
The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout.