Celsius token price drops below $0.60 for first time since September 2020 By AdamMorganMc
Crypto prices have been mostly down across the board throughout May.As of this morning, celsius was trading at $0.58, down from $0.70 just 24 hours before, according tovia Coingecko. Friday’s losses mean that celsius is down just over 30% in the past week from $0.83 on May 20.
This drop leaves celsius at its lowest levels since September 17, 2020, when it last traded below $0.60. The drop in Celsius’s token price comes after the collapse of the Terra ecosystem. The collapse pushed crypto prices mostly lower through the whole digital asset space. Celsius has also been lowering its savings rates throughout the year as bearish sentiment spreads across the crypto and broader financial markets.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Previously sunken boats are emerging at Lake Mead as water level hits historic lowThe water level in Lake Mead — the nation’s largest reservoir — dropped below 1,050 feet elevation for the first time last week, a critical milestone that signals more stringent water cuts ar…
Read more »
CryptoPunks floor price drops below $100,000, down 50% from last monthThe floor price of the NFT collection CryptoPunks has dropped by more than 50% in dollar terms from last month.
Read more »
Bitcoin Sees Weakness at $29K as Traders Assess Fed MinutesBitcoin dipped below $29,000 before recovering as traders evaluated the Fed minutes released Wednesday. By shauryamalwa
Read more »
Silver Price Analysis: XAG/USD drops below $22.00 inside weekly bullish channelSilver Price Analysis: XAG/USD drops below $22.00 inside weekly bullish channel By anilpanchal7 Silver Technical Analysis XAGUSD Commodities SwingTrading
Read more »
Guns Now Leading Cause of Death for US ChildrenGun violence has become the leading killer of children in the United States, rising by nearly 30% between 2019 and 2020, slightly exceeding the number for auto accidents and greatly exceeding deaths caused by suffocation or drowning.
Read more »
Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain firstEtheruem price briefly dropped below a key support level in its USD and BTC pair, but traders say a “falling wedge” chart pattern provides guidance on when price could reverse course.
Read more »