First Mover Asia: Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again

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Two observers of the recent price increase of the CelsiusNetwork token attribute the surge more to market dynamics than fundamentals, while others remain confounded; BTC sinks to $23.4K, ETH to $1.85K. ShauryaMalwa and JPRubin23 report

Ten-year Treasury yield daily close: 2.89%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atBitcoin and ether dropped for a fourth straight day as investors continued to puzzle over recent, often opposing economic indicators and corporate earnings reports. On Wednesday, markets wrestled with U.S.

"In the last 24 hours, we've had a little bit of a pullback," Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV's"First Mover" program."When you consider the move that's been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders kind of taking some off the table makes sense.

U.S. retail sales ticked up slightly in July, a reflection of falling gas prices that encouraged consumers to continue shopping despite ongoing inflation. The retail figure also suggests that even if the economy is slowing, it remains strong. Gas has fallen to $4 a gallon from $5 over the last month, a 20% decline.The crypto industry continues to struggle with misleading and sometimes inaccurate information.

 

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CelsiusNetwork shauryamalwa JPRubin23 It's because of the CelShortSqueeze ... Duh. 🍋🍋🍋🍋🍋

CelsiusNetwork shauryamalwa JPRubin23 The CelShortSqueeze is the best TRADE you can ever get in this bear market. Trades like this come rarely & it’s entirely up to you if you wanna join and make money 👍🏽

🚀 Thankss a millon

CelsiusNetwork shauryamalwa JPRubin23 wwhy nobodyyy talkk about this

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