Crypto is now equipped for a $ 2 billion Goldman Sachs bomb like the price of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano and Dogecoin Swing
Bitcoin
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The Bitcoin price has fallen by 20% since it crashed to a low of less than $ 18,000 per bitcoin last week – despite a serious warning from China – with ethereum and other top ten cryptocurrencies BNB
Now there have been reports that Wall Street giant Goldman Sachs wants to raise $ 2 billion to retrieve the assets of the controversial cryptocurrency lender Celsius, which has been hit hard by the recent bitcoin and cryptocurrency crash.
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Goldman Sachs has begun experimentally dipping its toes into the crypto world in recent years in the middle of a … [+]
Goldman Sachs requests crypto funds and traditional financial institutions as part of the agreement that could lead to them buying Celsius’ crypto assets at a discount, it was first reported by Coindeskwith Block works Adding to the agreement can happen even if the lender does not declare bankruptcy, citing anonymous sources.
“Goldman did not want to buy into the top of the market,” said a source Block works. “This is more their style.”
Celsius, which had $ 12 billion in total assets in May this year, has been on the verge of bankruptcy after suspending user withdrawals from the platform earlier this month, citing “extreme market conditions” and exacerbating a cryptocurrency crash that sent bitcoin spirals below $ 20,000.
Celsius has hired restructuring consultants Alvarez & Marsal, it was previously reported by Wall Street Journal, adds previous reports Citigroup
Goldman Sachs ‘reported bid for Celsius’ cryptocurrencies is likely to return some confidence in the market after traders rallied over the pace of bitcoin, ethereum and cryptocurrency sales.
“Still, it may not be the best time to buy, as it may take a long time for the crypto market to digest the recent turmoil and enter a new phase of sustained demand from broad segments of investors, not just stressed asset hunters,” Alex Kuptsikevich, senior market analyst at FxPro, said via email.
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The Bitcoin price has climbed up from the recent declines, helping ethereum, BNB, XRP, solana, cardano and … [+]
The Celsius meltdown, which is heating up after the collapse of terraUSD stablecoin’s support coin luna, has triggered new demands for a better crypto market and regulation of crypto companies.
“I suspect after the recent events with Celsius that the US will soon provide more clarity on regulations to custodians and lenders, to bring more stability to the crypto space,” Marcus Sotiriou, analyst at UK-based digital assets broker GlobalBlock, wrote in an email.
