Meanwhile, Celsius’ message to its community members explained that any actions taken are in the best interest of its community, with that in mind, the pause of the withdrawal, swap and transfer options was to protect Celsius community members. Members will however continue to accrue rewards.
Since Celsius’s announcement, Bitcoin declined more than 6% to as low as $24,888; ETH dropped by over 8% to $1,311, its lowest since March 2021. Celsius’s native token CEL has also dropped ridiculously low over the last two days.