Transfers also ‘paused’ between Celsius accounts as value of digital asset market slips below $1tn
The cryptocurrency lending platform Celsius Network has halted withdrawals because of “extreme market conditions” as the value of the digital asset market slipped below $1tn (£820bn).
Bitcoin dropped to a 17-month low of $23,880 after the Celsius announcement, while Ether, the world’s second-largest cryptocurrency after Bitcoin, dropped more than 15% to $1,250, its lowest since January 2021.
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Transfers also ‘paused’ between Celsius accounts as value of digital asset market slips below $1tn
The cryptocurrency lending platform Celsius Network has halted withdrawals because of “extreme market conditions” as the value of the digital asset market slipped below $1tn (£820bn).
Bitcoin dropped to a 17-month low of $23,880 after the Celsius announcement, while Ether, the world’s second-largest cryptocurrency after Bitcoin, dropped more than 15% to $1,250, its lowest since January 2021. Continue reading…Technology | The Guardian