London (CNN Business) 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. Nerves remain raw after two of the world's biggest cryptocurrency platforms restricted activity on Monday as the wider market meltdown continued apace. The Celsius Network, which has 1.7 million customers, said that "extreme market conditions" had forced it to temporarily halt all withdrawals, crypto swaps and transfers between accounts. 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.

Source: CNN June 14, 2022 10:18 UTC