CEL price abruptly rallied 600%+ on June 14, but analysts say it’s likely due to an exchange glitch or a liquidation of short traders.
Prices quickly recovered after developers determined that a technical API issue, not a security breach, catalyzed the heavy sell-off.
Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000.
“Like a hammer wanting everything to be a nail, the SEC is keeping everything murky so it can argue every crypto is a security,” claims Ripple general counsel Stu Alderoty.
What goes up must come down. And then go up again. Then come down again. And on and on and on...
Bitcoin and altcoins are seeing heavy selling as June 13’s massive unwinding could be the final capitulation-level event before the market finally hits a bottom.
Optimism has garnered interest from the most influential figures in the crypto Industry like Vitalik Buterin.
Bear markets represent the most dreaded period in any investment cycle, but there are a few ways to stay ahead and weather the storm.
The USDT stablecoin issuer Tether denies any correlation between its investment in Celsius and its reserves or stability.
Analytics platform Nansen showed that one of the funds that capitalized on the UST depeg has started to transfer large amounts of USDD.