Israeli-American crypto firm Celsius halts trading as price plunge continues

The massive drop in value of Bitcoin, Ethereal and other cryptocurrencies has affected Israel, where many people own some.
Michael M. Santiago/Getty Images
A Bitcoin ATM is seen at the Clark Street subway station on June 13, 2022 in the Brooklyn Heights neighborhood of Brooklyn in New York City. - Michael M. Santiago/Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The Israeli-American cryptocurrency company Celsius halted trading yesterday amid crypto’s plunge. 

Celsius tweeted that it paused withdrawals, swaps and transfers between accounts, saying, “Acting in the interest of our community is our top priority.”

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