HODLNAUT SUSPENDS WITHDRAWALS IN SINGAPORE

 The revelation by Celsius caused the price of bitcoin to resume its prior downward trend, falling by more than 6% to a price that was its lowest in the prior 18 months: $24,888. The price of Ether, the second-largest cryptocurrency in the world, dropped by more than 8% and reached $1,303. Since March 2021, Ether's price has not been this low.

Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has temporarily halted the processing of withdrawals, swaps, and deposits, according to a statement that was released by the business on Monday. This is the most recent indication that the demand for bitcoins is growing too quickly. The bitcoin loan company also
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