Chicago-based crypto liquidity provider and lender BlockFills has suspended client deposits and withdrawals, citing a downturn in Bitcoin prices. The company, which provides liquidity and lending services to institutional clients in the digital asset space, made the announcement on Wednesday, stating that withdrawals were halted last week as it works to restore liquidity to its platform. BlockFills is actively engaging with its clientele, which includes crypto hedge funds and asset managers, according to a company spokesperson.

The suspension comes after a volatile period in the cryptocurrency market. Digital asset prices have fluctuated significantly, including a sharp 20% drop last week. On January 30, both precious…