Bitcoin Catches At Least One Stabilizing Tailwind As The Celsius Network Goes All Out Against Short Sellers
Some call it the deep breath before the final plunge; others label it a crucial consolidation process before the resumption of its long-term upward trend; either way, Bitcoin continues to vacillate around the $20,000 price level, building anxiety among the bulls and the bears alike. Against this backdrop, the world’s premier cryptocurrency has now been bolstered by at least one particularly potent tailwind. To wit, the Celsius Network has managed to scrounge up sufficient financing to dramatically reduce the risk of default vis-à-vis its vulnerable pool of Wrapped Bitcoin on Ethereum (wBTC) held in a dedicated vault....