Why Bitcoin, Ethereum, and Polygon Jumped Today
— Increase, Network, Markets, Costs, Protection, Crypto, Reduce, Today, Bitcoin, Ethereum — 1 min read
Celsius Network, a major cryptocurrency lender and finance company, officially filed for bankruptcy protection. The company's positions will be unwound, and creditors will be paid back. In more meaningful news, the value of Bitcoin (BTC 2.96%) was up 4.7% and Ether (ETH 9.14%) had jumped 21% in the past 24 hours. The jump in crypto is even more shocking when you consider that U.S. stock markets and global commodity markets are down significantly today. Long term, the crypto industry will be about building new, disruptive technology -- not new ways to trade assets -- and today's news gets everyone a step closer to that, writes Aaron Miller. The next few months will likely continue to be volatile, Miller Source