The cryptocurrency market continues to face wintry sentiment from investors. On Saturday, there has been a massive decline in trading volumes which pushed the cryptocurrency market cap below $925 billion. The selloff comes after the crypto exchange Celsius voluntarily filed for bankruptcy due to illiquidity. Currently, crypto exchanges struggle with a liquidity crunch and that has led to suspending withdrawals and other mechanisms for investors. The leader of the market, Bitcoin trades over $20,500 followed by its counterpart Ethereum performing slightly over the $1,200 mark.
Read More:Crypto Tracker: Markets face sharp decline in trading volumes