Bitcoin, Ethereum extend poor performance on fears of Celsius bankruptcy
— Ratings, Extend, Recent, Market, Industry, Poor, Investors, Celsius, Bitcoin, Bankruptcy, Fears, Ethereum, Performance, Crypto, Price, Global, Million — 1 min read
Bitcoin and Ethererum failed to achieve an outstanding rebound in their prices after suffering big losses for the past month. Market is not displaying any detectable signs of a rebound without any massive capital inflow. Global ratings agencies are also moving to downgrade the credit ratings of global crypto exchange operators. The total market cap of cryptocurrencies worldwide surpassed $2.27 trillion in early February, but fell to less than $1 trillion as of Sunday. According to the Digital Asset Exotic Index released by Korea's leading crypto exchange operator Dunamu, the current crypto market has entered a "fear" phase, with the index reaching 32.98. When the index moves closer to zero, it means investors' fear sentiment escalates further. The index getting closer to 100, meanwhile, Source