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Celsius was a global cryptocurrency platform and Bitcoin mining company that emerged from Chapter 11 bankruptcy on Janu. On Febru, the Celsius mobile and Yesterday the liquidation price was $8,838.57 when Celsius paid off a $50 million BTC loan and it fell to $4966.99 when it paid another $64 million. With the latest $40.8 Celsius Network repays a $50 million bitcoin loan, reducing its liquidation price to $8,839.57. According to the data from Block Analitica, Celsius has paid off $50 million today The Celsius Network has now paid off another $50 million of its Bitcoin loan, meaning that the digital currency lending platform is still on the journey to repay the remaining Crypto lender Celsius has paid off another $40.8 million towards its outstanding loan of Maker. The wBTC liquidation price has now dropped to $2,722.11. The beleaguered Within two days, cryptocurrency lending company Celsius Network paid off its loans totaling $154.8 million in Bitcoin as the liquidation price dropped yesterday to $2,722.06. Today, the firm cleared its bitcoin loan by paying another $41.2 million. The payment dropped the liquidation price, which stood at $2722.27, to an absolute $0.00. The Troubled cryptocurrency lending firm Celsius Network LLC, which made headlines after stopping its half a million users from withdrawing their money due to the crypto

Celsius Network Pays Off Another $40.8 Million Bitcoin Loan: Liquidation Price Hits $2722.06

The troubled cryptocurrency lending firm Celsius Network LLC, which made headlines after stopping its half a million users from withdrawing their money due to the crypto crisis, continues its efforts to restructure its debt. Within two days, cryptocurrency lending company Celsius Network paid off its loans totaling $154.8 million in Bitcoin as the liquidation price dropped yesterday to $2,722.06. Today, the firm cleared its bitcoin loan by paying another $41.2 million. The payment dropped the liquidation price, which stood at $2722.27, to an absolute $0.00.

Crypto lender Celsius has paid off another $40.8 million towards its outstanding loan of Maker. The wBTC liquidation price has now dropped to $2,722.11. The beleaguered Celsius Network has now paid off another $50 million of its Bitcoin loan, meaning that the digital currency lending platform is still on the journey to repay the remaining. This strategic move significantly lowers the liquidation price of their Bitcoin holdings, offering a buffer against potential market downturns.

Liquidation Price Drastically Reduced

The latest repayment of $40.8 million brings the liquidation price down to a critical level of $2722.06. According to the data from Block Analitica, Celsius has paid off $50 million today. This is a considerable improvement from Yesterday the liquidation price was $8,838.57 when Celsius paid off a $50 million BTC loan and it fell to $4966.99 when it paid another $64 million. With the latest $40.8 Celsius Network repays a $50 million bitcoin loan, reducing its liquidation price to $8,839.57.

This aggressive repayment strategy highlights Celsius Network's commitment to protecting its assets and navigating the challenging cryptocurrency landscape. By lowering the liquidation price, Celsius minimizes the risk of having its Bitcoin holdings automatically sold off if the price of Bitcoin were to plummet.

Celsius Network's Restructuring Efforts

Celsius was a global cryptocurrency platform and Bitcoin mining company that emerged from Chapter 11 bankruptcy on Janu. On Febru, the Celsius mobile and while currently facing significant challenges, continues to work towards a sustainable future.

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