tumbled on Monday to its lowest point since 2020 after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing 'extreme' conditions, in the latest sign of how financial market turbulence is causing distress in the cryptosphere.On Monday, Binance, the world's biggest cryptocurrency exchange, also paused withdrawals, blaming 'stuck transaction' that caused a backlog in trades.The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion on Monday for the first time since January last year, dragged down by 11 percent fall in the largest token bitcoin.
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