Less Worry: Celcius paid off its $114 million Bitcoin-backed loan in 24 hours.
by
Mark301
on 06/07/2022, 07:46:24 UTC
Users of the crypto lending platform have finally felt some relief following Celcius Network's announcement that it has paid a total of $114 Million of its Bitcoin loan in the last 24 hours, lowering its liquidation price to $4,967
This means that the Bitcoin price must fall below $4,967 before Celcius is liquidated.