BTC shows resilience despite widespread risk aversion and Celsius' bankruptcy filing
Celsius Bankruptcy
Modified Date:- Published Date:-Categories: Cryptocurrency
BTC shows resilience despite widespread risk aversion and Celsius' bankruptcy filing
Celsius, facing a liquidity crisis, filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of New York, the lender said in a statement released late Wednesday. At the time of writing, BTC is trading around $19,820, which is surprisingly good even after the negative news.
Ether (ETH) was also slightly down over the last 24-hours, at $1,070. Polygons MATIC was up 17% over the last 24-hours, following the news that the Ethereum scaling solution will join Disneys Accelerator Program to develop augmented reality, non-fungible tokens (NFTs) and artificial intelligence experiences.
Weve seen strong gains across select decentralized finance (DeFi) coins over night such as UNI, SYN and LDO, said Matthew Dibb, co-founder of Stack Funds. While the gains arent on huge volume, they appear to be forming a technical base at these levels which may lay ground for further upside.
BTC, Celsius, US Bankruptcy, Cryptocurrency, Ethereum NFTs, UNI, SYN and LDO