Celsius Price Surges by 12%
The Celsius price has seen a significant 12% increase in the past 24 hours as the token now trades at $0.2491 as of 12:20 a.m. EST.
SEC Halts Celsius Reorganization Plan
The sudden surge came after the US Securities and Exchange Commission intervened in Celsius’s reorganization efforts. The company, which had earlier filed for bankruptcy, now only plans to focus on Bitcoin mining, dropping its earlier plan to stake as well. This change was reported in a court filing on Monday.
New Owner Restructures Celsius
New owner Fahrenheit’s restructuring plan received approval from a bankruptcy court and promised nearly $2 billion worth of Bitcoin and Ethereum to creditors, along with shares in the new company. Despite the positive response in the market, Celsius’s technical indicators suggest a potential downturn in the near future.
Celsius Price Prediction
Upon analyzing the CEL/USDT charts, it appears that the Celsius price might be preparing for a bearish move. Several indicators such as the MACD and RSI signal a potential downward trend. Increased trading activity has led to a significant surge in CEL’s trading volume, causing high price volatility.
BTCETF Token Gains Traction
Amidst anticipation of SEC approval for Bitcoin ETFs, the BTCETF token has capitalized on the bullish sentiment and has seen significant growth in funding. Its tokenomics are closely tied to Bitcoin ETF approval milestones, attracting investors’ interest and support.
Surge in Anticipation for BTCETF
Investors are hoping for a surge in the BTCETF token once the SEC approves spot Bitcoin ETFs. The token’s community-driven strategy and incentives for holding during the presale have garnered substantial support, and investors can acquire tokens at a reduced price for a limited time.
Hot Take: Bitcoin ETF Token Awaits SEC Approval
As you monitor the Celsius price amid its reorganization, consider keeping an eye on BTCETF’s presale, poised to capitalize on the bullish anticipation for Bitcoin ETF approval.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.