Bitcoin and other cryptocurrencies were collapsing in price Monday, June, 13, 2022 after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions." Bitcoin and other cryptocurrencies were collapsing in price Monday, June, 13, 2022 after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions." It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets. On Saturday, the company's data showed crypto's global market value stood at about $834 billion. The crypto industry has also upped its lobbying efforts — flooding $20 million into congressional races this year for the first time, according to records and interviews.

Source: ABC News June 19, 2022 01:46 UTC