BTCS sells ether at a loss to keep $64m Aave loan healthy
MARKETSAavecoinbrief/daily · 1 source
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What happened
BTCS, a company that holds Ethereum's digital currency ether as a reserve, sold some of it at a loss. It did this to keep a $64 million loan on the lending platform Aave in good standing. If ether's price fell to around $1,700, the loan could be forced to close.
Like I’m new · Written by AI from 1 source · Wrong?
What to do
- Watch whether ether approaches around $1,700, the level the article says could make the BTCS loan eligible for liquidation.
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Who reported · 1 outlet
CoinDesk
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