NEW YORK (AP) — The price of bitcoin and other cryptocurrencies have tumbled after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions."
It is the second collapse of a part of the crypto world in the last two months.
The stablecoin Terra imploded in early May, erasing tens of billions of dollars worth of value in a matter of hours.
Bitcoin was trading at roughly $23,400 Monday afternoon, down more than 16% in the past day.
Ethereum, another widely followed cryptocurrency, was down more than 20%.
