Crypto market wrap: Celsius continues to rise from the grave
— Deep plunge, Stay, Short position overnight fee, Chain debts, Continued, Luna, Staked ether, Spread trade, Prepared, Biticoin — 1 min read
Celsius Network’s coin continued its rise from the grave on Wednesday as altcoin prices kept descending. Most altcoins struggled along with market powerhouses bitcoin (BTC) and ether (ETH) Bitcoin briefly fell below $20,000, which is viewed as an import benchmark for the world's largest cryptocurrency. CEL corroborated a report from blockchain analytics firm Nansen, released Wednesday, that said the network's positions are healthier now. Celsians emphasized patience Wednesday, stressing on Twitter that they were investing for the long term and predicting that the short squeeze will continue. Bitfinex: Bitcoin's decline attributed to a �looming recession and mushrooming of inflation in central banks, in a research note, in which central banks have become a focal point of central Source