The global crypto market capitalisation fell 13.74 percent to USD895.36 billion in the early hours of June 14, putting major cryptocurrencies in the negative. The overall crypto market volume, on the other hand, increased by 60.75 percent in the last 24 hours to USD149.45 billion.

The overall volume in DeFi was USD10.43 billion, accounting for 6.98 percent of the total 24-hour volume in the crypto market. The overall volume of all stable coins was USD133.37 billion, accounting for 89.24% of the entire 24-hour volume of the crypto market. Bitcoin's price was hovering around Rs 17.60 lakh, with a 44.88 percent market share. According to CoinMarketCap data, this was a 2.43 percent fall from the previous day.

Celsius Network, a major bitcoin lending provider in the United States, stopped withdrawals and transfers on June 13 due to "severe" conditions. The decision by Celsius sparked a dip in the value of cryptocurrencies, which fell below USD1 trillion for the first time since January 2021.

Celsius, situated in New Jersey, has about USD11.8 billion in assets and offers consumers who deposit cryptocurrencies with its platform interest-bearing products. It then earns money by lending out cryptocurrencies.

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