Bitcoin Retests $20K While CEL Holds Gains Amidst Market Bleeding
The world’s foremost cryptocurrency, Bitcoin, has had an eventful week as it briefly hit the $22,500 benchmark on Friday. The crypto has
Read MoreThe world’s foremost cryptocurrency, Bitcoin, has had an eventful week as it briefly hit the $22,500 benchmark on Friday. The crypto has
Read MoreCelsius announced that users could cumulatively withdraw up to $50 million from all the locked accounts. These funds are for users who
Read MoreCrypto lending platform Celsius Network has an approximately $1.2 billion gap in its balance sheet, with most liabilities owed to its users. In addition, the firm has filed for bankruptcy protection, so its future looks bleak.Still, Celsius Network's native utility token CEL has soared in valuation by over 4,100% in
Read MoreCelsius (CEL) has been rallying in recent times. The native token of the now bankrupt Celsius Network had taken a nosedive when the company had first filed for bankruptcy, but it seems the time is changing with the recent recovery. As Celsius continues with its proceedings, the price of CEL
Read MoreCelsius (CEL) is currently witnessing a mid-crisis bounce. After registering for bankruptcy protection in the face of various probes, the token’s value transcended pressure and increased by more than 25 percent on Saturday. Despite the present efforts of its management, the Celsius Network token is exhibiting indications of a revival, according to
Read More“It’s crucial to observe the price changes in combination with the actions taken by Celsius’s management team,” said Anton Gulin, business director at crypto exchange AAX. “They handled the crisis very well, repaying their debt, freeing collaterals and applying for a specific bankruptcy clause, where they restructure the business rather
Read MoreAfter the Celsius Network’s decision last month to freeze all transactions and withdrawals, the whole cryptocurrency market plummeted into a deep and gloomy sinkhole. This week there was some good news, when Celsius paid off its remaining $41.2 million debt to the DeFi protocol MakerDAO. This payment allowed Celsius to release
Read MoreThe native cryptocurrency of Celsius Network – CEL – has surged over 130 percent in the past 24 hours. The surge occurred as a result of the crypto market’s relief following many days of precipitous declines. The Celsius token shed by more than half its value to reach $0.20 on June 13.
Read MoreThe price of CEL, the native token of Celsius Network, has almost quadrupled since June 19 in what appears to be a frenzy stirred up by day traders.CEL price short squeezeCEL's price rose from $0.67 on June 19 to $1.59 on June 21, a 180% spike compared to the crypto
Read MoreThe CeFi lender’s token reached a high of $2.57 in what appears to be a short squeeze. Source
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