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The court filings, submitted in the early hours of May 25, show that the consortium will obtain Celsius Networkâs institutional loan portfolio, staked cryptocurrencies, mining unit and other alternative investments. The group must make a $10 million deposit within three days to finalize the agreement.
The massive spike, which involved a whopping 430k ETH (approximately $780 million), was initially interpreted as a surge in the NFT market. However, closer investigation revealed that this was due to a technical issue rather than genuine market activityââ. Nansen went on to clarify that the NFT market is not yet back to robust health, tempering expectations for a swift recovery in the near future.
Investors and traders will want to watch the previously-mentioned support level at $0.3562 for the next 48 hours, as a break below this mark will be catastrophic for ADAâs price. Should this level be breached, ADA will likely drop to the next support level at $0.3263 in the following 2-3 days.
DIA registered a spike similar to AERGOâs during the week under consideration. With a capital injection of over $18 million, the price spiked to $0.32643 after bouncing off a local low of $0.27046 at the beginning of the week. DIAâs price at the time of writing was $0.29976 after correcting the recent spike.
POWRâs price did not change much within the week, despite recording a $30,735,157 transaction volume. The price bounced from a local low of $0.1532 but traded slowly to the upside. With a minor uptrend, POWR sold for $0.1641 as of the time of writing, attempting to break through a short-term trendline around the current price level.
Among the set, AERGO registered a spike resulting from the capital injection. The price rallied significantly after bouncing from a local low of $0.1066 at the beginning of the week. The rally terminated at $0.1400 before pulling back. AERGO traded at $0.1172 at the time of writing.
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FOMC
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#BTC update ...
Bitcoin's$BTC price has surged to $59,920, nearing the key resistance level of $61,320. A breakout above this threshold may propel Bitcoin $BTC to new heights. Conversely, failure to surpass resistance could lead to a corrective pullback. Investors are cautiously optimistic, awaiting the next market move. Technical indicators suggest a bullish trend."
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