Seeking Alpha
2022-06-13 18:46:03

What You Need To Know About Celsius And Bitcoin

Celsius Network announced early Monday morning that all user account "withdrawals, Swap, and transfers" will be paused until further notice.The development is invoking painful memories from the Terra/Luna collapse that is still fresh from just a month ago.The integrity of DeFi is brought into question once again, compounding pains for crypto investors, including those in the largest and relatively safest cryptocurrency Bitcoin.Bitcoin has slipped below $23,000 for the first time since 2020, invoking fears of a long, crypto winter ahead.

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