Bitcoin has been Nearly Silent for Almost a Month and Bitcoin Has been trading between $28,000 – $32,000.
Bitcoin, currently trading at $28,700 and is down around -4% approximately. While Ethereum on the other hand is Trading at $1577 and is down around 11% over the past 24 hours.
The Reason Behind Ethereum Dump is That Yesterday, Alameda Research completed a single transaction in which they sold around 50,000 stETH. Just a few more days will pass until CelsiusNetwork’s liquid assets are depleted completely.
While this Caused Panic in the Market which led to the More selling Causing the Dump
Lido Finance Addressed the community – “In the past month a number of events have worked to destabilise the stETH:ETH exchange rate, including the Terra collapse, market-wide deleveraging and now withdrawals from larger lending platforms”
- Huobi to List FUD Token (FTX’s Users Debt). Can it get Even Worse!?
- Big Week Ahead for Bitcoin As the Next Big Price Move is Brewing
- Bitcoin Ended 2022 With a Bearish Engulfing Candle. Can Bitcoin Price Drop Further?
- Binance’s CZ is a Giga Chad. Is Binance Solvent? Here are Some Facts.
- SBF surrendered for extradition to the US after spending time in harshest jail of Bahamas.