Post
Topic
Board Bitcoin Discussion
Re: Less Worry: Celcius paid off its $114 million Bitcoin-backed loan in 24 hours.
by
justdimin
on 07/07/2022, 15:14:02 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.


Source/Continue Reading: https://mycryptoparadise.com/less-anxiety-as-celcius-paid-114-million-of-its-bitcoin-backed-loan-in-24-hours/
Honestly, not many expected it to be like this. During all of this chaos when everyone and everything looks to be going crazy and nobody knows what’s going on. It’s quite good to see them doing at least a bit decent. I have to say the best thing to do right now would be slowing down a bit, and checking what Celcius managed to do. This isn't a simple task neither, it’s a task that has happened very very well and it’s a big deal.

I know that some people who were inside probably knew it, if you are invested into it, you follow it and you would expect it. But for people who are outside and not really aware of what’s going on inside Celcius, we gotta say it’s a big damn achievement. Certainly, a reason to get a bit of it.