Bitcoin and ether prices fell on Monday, in line with traditional financial markets.Crypto lending platform Celsius cited the market conditions as it halted withdrawals on its platform.Crypto prices were down across the board on Monday in tandem with broader financial markets as the global cryptocurrency market cap fell below $1 trillion.
Bitcoin and ether led the downturn, reaching the lowest levels in at least 17 months, as crypto lending platform Celsiusprice was down over 12% in the past 24 hours, trading at $24,040 at the time of writing, according to CoinbaseThis is now lower than May’s price action, when bitcoin fell as below as $26,250 on May 12 — amid a similar market tumult during theMeanwhile, ether's price fell up to 19% on Monday, trading at $1,194, according to Coinbase data via TradingView.
According to Celsius’s weekly update on June 10 the firm had net withdrawals of just over $160 million last week, this followed outflows of a little over $300 million between May 27 and June 2. The price of Celsius's native token, celsius , fell sharply on the news and is currently trading at $0.18 for a loss of 54% over the past 24 hours, according to