Celsius halted withdrawals for customers last week due to “extreme market conditions.”
Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations.The cryptocurrency market has seen billions of dollars of value wiped off in the last few weeks, with bitcoin falling below the $20,000 mark over the weekend, hitting a number of companies.
Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations after the market downturn caused the firm to freeze withdrawals for its customers. The cryptocurrency market has seen billions of dollars of value wiped off in the last few weeks, with bitcoinCelsius offers high yields to users who deposit their crypto with the company by lending it out to other institutions to generate a profit.
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