Over the past 3 days, Celsius (CRYPTO: CEL) has added over 7000 Wrapped Bitcoin (CRYPTO: WBTC) to avoid the risk of mass liquidation.
What Happened: Given the extreme plunge in the crypto market over the past week, major cryptocurrencies, such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and others are down over 70% from their all-time highs. As prices continue to plummet, major crypto firms face the risk of large-sized positions being liquidated.
The Celsius Network, in effort to prevent liquidation, has added at least …
Full story available on Benzinga.com