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    Bitcoin stems heavy losses but pessimism reigns in crypto markets

    Currencies Bitcoin stems heavy losses but pessimism reigns in crypto markets Tuesday June 14 2022 Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp US interest rate rises shook the volatile asset class. Bitcoin clawed its way to positive territory after falling as much as 7.3 percent to Sh2.4 million ($20,816), its lowest since Dec. 2020. It was last up 0.2 percent at Sh2.6 million ($22,487). The world’s largest cryptocurrency fell 15 percent on Monday, its sharpest one-day drop since March 2020. It has shed about half its value this year and over 20…