Major cryptocurrencies traded in the red early on June 14 as the global crypto market cap declined 13.74 percent to $895.36 billion over the last day. On the other hand, the total crypto market volume jumped 60.75 percent to $149.45 billion over the last 24 hours.
The total volume in DeFi stood at $10.43 billion, 6.98 percent of the total crypto market 24-hour volume. The volume of all stable coins was $133.37 billion, which is 89.24 percent of the total crypto market 24-hour volume.
Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on June 13 citing "extreme" conditions.
The Celsius move triggered a slide across cryptocurrencies, with their value dropping below $1 trillion for the first time since January 2021.
New Jersey-based Celsius, which has around $11.8 billion in assets, offers interest-bearing products to customers who deposit cryptocurrencies with its platform. It then lends out cryptocurrencies to earn a return.
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