Bitcoins bearish momentum: What the latest crypto prices reveal for May 25, 2023

Bitcoins bearish momentum: What the latest crypto prices reveal for May 25, 2023

Get the latest updates on cryptocurrency markets, including Bitcoin’s recent price decline and technical analysis by Valkyrie Investments, as well as the acquisition of Celsius Network by crypto consortium Fahrenheit.

The most recent price moves in cryptocurrency markets in context for May 25, 2023.

This post originally appeared in 1st Mover, CoinDesk’s daily newsletter putting the latest moves in cryptocurrency markets in context. Subscribe to get it in your inbox every day.

Latest Prices

Top Stories

Bitcoin’s (BTC) recent price slide may have legs, reports by technical analysis by alternative investment management company Valkyrie Investments. The leading digital currency by market  price has declined by 10 percent to $26,200 these 30 days – including a slide of nearly 4 percent over just the past day-plus – thanks in part to renewed bets the Fed will remain hawkish, a recovery in the United States dollar index, and lingering United States debt ceiling uncertainty. Per Valkyrie, a further decline toward $24,000 could be seen as bitcoin’s daily chart Ichimoku cloud – a momentum indicator – has flipped bearish. “This suggests an ongoing high-timeframe positive  tendency tendency with a decline in positive  tendency momentum and the  capacity for near-term retrenchment,” wrote Chief Investment Officer Steven McClurg and team in a note to clients on Tuesday.


Cryptocurrency consortium Fahrenheit has won a bid to acquire insolvent lender Celsius Network LLC Network, whose assets were previously valued at around $2 billion, reports by court filings made early Thursday morning. The team will acquire Celsius’ institutional loan portfolio, staked digital currencies, mining unit and additional alternative investments, and must pay a deposit of $10 Million within 3 days to cement the deal, court filings show. A consortium of buyers that includes deal financial resources company Arrington Financial resources and miner United States Bitcoin (BTC) Corp, Farenheit was chosen as successful bidder following a lengthy auction process. Under the terms of the deal, the newly-formed company will get betwixt $450 and $500 Million in liquid digital currency, and United States Bitcoin (BTC) Corp will construct a range of cryptocurrency mining facilities including a new 100 megawatt plant.

Revolutionary Partnership Enables Round-the-Clock Secure Trading for Institutions

Terraform Labs co- founder Do Kwon will remain in detention while he faces charges of falsifying official documents in Montenegro, reports by a court statement Thursday. Despite the fact that the Basic Court in the country’s financial resources Podgorica had at the beginning accepted a bail proposition from Kwon’s lawyers, Bloomberg informed that a higher court had thereafter annulled the decision. The Basic Court of Podgorica confirmed to CoinDesk the high court’s decision, and that it had received the agreed payment of 400,000 euros ($428,000) from Kwon on May 17. After the  High Court ruling, the Basic Court has decided to extend Kwon’s detention.

Chart of the Day

CoinDesk - Unknown

  • The chart shows smaller crypto tokens like decentralized GPU-based rendering solution Render Network’s RNDR, and ARPA, the native crypto token of privacy-preserving computation network ARPA Chain, outperformed market leaders by a big margin in the week ended May 23.
  • RNDR has perhaps benefitted from speculation that Apple’s virtual reality headset will utilize its decentralized graphics processing network.
  • APRA Chain’s impending mainnet launch, reportedly due in June, appears to have galvanized investor interest in the native cryptocurrency.
SEC vs Coinbase: COIN Price Plummets

Trending Posts

!– –> Stephen Alpher.


Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Follow us

Latest Crypto News