Cryptocurrency Celsius plummeted on Sunday evening, reflecting and amplifying the turmoil sweeping the entire cryptocurrency ecosystem.

Citing “extreme market conditions,” Celsius suspended withdrawals from its network. CEL/USD fell 45% on Sunday, continuing its decline since the beginning of the year. The cryptocurrency was trading at $0.195 as of 23:30 ET (03:30 GMT), down from $4.45 at the start of the year.

The impact is being felt across the crypto space, with bitcoin trading at $25,154, nearly 9% lower, and etherium down 7.5% to $1342.

The cryptocurrency sector has faced headwinds due to the recent Terra Luna token crash, as well as general risk aversion amid rising inflation and the hawkish stance of the US central bank. Similar to Terra Luna, the Celsius token was part of a network that included several classic financial functions such as lending crypto assets and earning interest on crypto assets.

Celsius boasts more than 1 million users and is a larger bitcoin holder than MicroStrategy and Coinbase, most recently raising an estimated $3.5 billion in assets last fall.