How does Celsius halting crypto lending affect the bitcoin price?

1 answers

• May 02, 2022 · 3 years ago
  As a representative of BYDFi, I can say that the decision of Celsius to halt crypto lending can create opportunities for other lending platforms like ours. With Celsius out of the lending market, there is a potential for increased demand for lending services from users who were previously relying on Celsius. This increased demand can lead to a rise in the utilization of platforms like BYDFi and potentially have a positive impact on the price of bitcoin. However, it's important to note that the overall impact on the bitcoin price will depend on various factors, including market sentiment, overall demand, and the availability of alternative lending options.
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