Bitcoin plunges below $23,000 as the crypto meltdown continues
— Meltdown, Cryptocurrency, Website, Company, Plunges, Worlds, Continues, Assets, Continued, Wider, Withdrawals, Crypto, Market, Interest, Bitcoin — 1 min read
Celsius Network, which has 1.7 million customers, temporarily halts all withdrawals, crypto swaps and transfers. The UK-registered company has about $3.7 billion in assets, according to its website. It pays interest on cryptocurrency deposits, and loans them out to make a return. Bitcoin and other cryptocurrencies continued to slide Tuesday as investors bailed out of risky assets in anticipation of sharp rises in interest rates to tackle inflation in the U.S. The market meltdown continued apace on Monday as the wider market meltdown continues apace in the wake of the wider global meltdown of the Bitcoin market. Source