Did Tesla Crash the Bitcoin Market?
Electric vehicle company Tesla Inc (NASDAQ: TSLA) purchased $1.5 billion of Bitcoin (CRYPTO: BTC) in January 2021.
Crypto Lender Celsius Files For Chapter 11 Bankruptcy
Distressed cryptocurrency lending platform Celsius Network has filed for Chapter 11 Bankruptcy.
What Happened: In a press release on Wednesday, the company said it had initiated voluntary petitions for reorganization in the United States Bankruptcy Court for the Southern District of New York.
Cryptocurrency Wrapped Bitcoin Falls More Than 3% In 24 hours
Over the past 24 hours, Wrapped Bitcoin's (CRYPTO: WBTC) price has fallen 3.67% to $19,860.38. This is opposite to its positive trend over the past week where it has experienced a 1.0% gain, moving from $19,733.30 to its current price.
Cryptocurrency Wrapped Bitcoin Rises More Than 3% In 24 hours
Wrapped Bitcoin's (CRYPTO: WBTC) price has increased 3.67% over the past 24 hours to $21,269.00. Over the past week, WBTC has experienced an uptick of over 9.0%, moving from $19,538.27 to its current price. As it stands right now, the coin's all-time high is $70,643.00.
Great Administration Or Complete Miracle? Celsius No Longer At Risk of Bitcoin Liquidation, Pays off Debt
Celsius (CRYPTO: CEL) has repaid its debt via DeFi protocol Maker (CRYPTO: MKR), reducing its liquidation price to $0.00.