Bitcoin Slides After Crypto Lender Celsius Network Freezes Withdrawals

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tldr; Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to “extreme market conditions”, the company said on Monday. 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.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*



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