Tuesday, June 28, 2022
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XRP Leads Crypto Majors Recovery, Bitcoin Rises Over $21K as Rate-Hike Concerns Wane

Bitcoin (BTC) passed through the $21,000 level in European afternoon hours, adding to a steady recovery since last weekend’s plunge to almost $18,000. Current levels have acted as a resistance zone for the largest cryptocurrency by market cap, and a recovery above could see the asset surge to $22,600. Source

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Celsius recovery plan proposed amid community-led short-squeeze attempt

Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation.I believe traditional finance will not have a timely solution for Celsius as we saw in the past with Mt. Gox

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