Bitcoin and other cryptocurrencies have plunged, and one of the world's biggest lenders of cryptocurrency has paused all withdrawals from its platform as the market meltdown continues apace. 9News
The Celsius Network, which has 1.7 million customers, said on Monday "extreme market conditions" had forced it to temporarily halt all withdrawals, crypto swaps and transfers between accounts.
Bitcoin, the world's most valuable cryptocurrency, tumbled almost 16 per cent over the weekend — putting it Tether, a popular stablecoin, broke its peg to the US dollar in May, puncturing the view that it could serve as a hedge against volatility.
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