Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme market conditions", the company said on Monday, in the latest sign of pressure in the crypto industry.
Bitcoin extended earlier declines after Celsius's announcement, falling more than 6% to as low as $24,888, an 18-month low. Ether , the world's second-largest cryptocurrency, dropped more than 8% to $1,303, its lowest since March 2021.
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