Crypto drama: Stress may worsen if Celsius’ mining subsidiary starts unloading some of its 80,850 rigs to raise capital. — Reuters
WASHINGTON: The cryptocurrency market has been nothing short of a financial soap opera in 2022, and the drama continued this week when the lender Celsius Network filed for bankruptcy protection. Yet there is one important place where the drama has cooled off noticeably: the actual prices of the largest digital tokens themselves.
Bitcoin climbed almost 8% in the final three days of the work week, while ether surged 20%. Neither of the two dominant tokens has set a new low point in this bear market for almost a month. Bitcoin has been hugging the closely watched US$20,000 (RM89,000) round number, while ether is hovering near US$1,000 (RM4,450)
Uh-oh! Daily quota reached.
