Celsius Warns that More Time is Required Before the Lending Business Can Resume
While the crypto markets have begun to recover from last week’s selloff, Celsius Network is still feeling the effects. The company has announced that it will not be able to resume customer withdrawals until further notice.
This news comes as a blow to many Celsius customers, who have been unable to access their funds for over a week now. While the company has stated that all customer funds are safe and accounted for, many are anxious about the situation.
Celsius Network is one of the leading crypto lending platforms, and its suspension of operations has had a ripple effect throughout the industry. Other companies have been forced to adjust their policies in response to the situation.
It remains to be seen how long it will take for Celsius Network to fully recover from this setback. In the meantime, customers can only wait and hope that they will soon be able to access their funds once again.
Celsius noted that its objective is to stabilize its liquidity and operations and that this process will take time. They also mentioned that they had received a lot of support from the community during this difficult time.
Celsius thanked the community for their patience and support as they worked to resolve the current situation. They reiterated that their goal is to get everything up and running as soon as possible, and they appreciate everyone’s understanding during this time.
Bitcoin’s price constantly fluctuates, making it difficult to predict where it will go next. However, some analysts believe that the current rally may not be sustainable and that the price could drop back below $20,000 in the near future.
Others believe Bitcoin still has a lot of upside potential and could reach new highs in the coming months. There are a number of factors that could contribute to this, including increasing institutional investment and mainstream adoption.
Only time will tell where Bitcoin’s price will go next. In the meantime, those who are bullish on cryptocurrency will continue to watch closely for any signs of further momentum.