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Today’s Cryptocurrency Headline
Babel Finance is hiring U.S. investment banking firm Houlihan Lokey, a specialist in restructuring and distressed mergers and acquisitions, CoinDesk reported. Babel is considering restructuring and is in the process of signing a business engagement, people familiar with the matter said. Neither Babel Finance nor Houlihan Lokey responded to requests for comment.
BingX’s Bitcoin Chart
El Salvadoran President Nayib Bukele announced on Twitter that El Salvador purchased 80 bitcoins again at a unit price of $19,000, for a total of about $1.5 million. Bitcoin is down -5.25% over the past 24 hours and fell to an intraday low of $18,951.58. The largest cryptocurrency reclaimed the $20,000 price level early today, but the bears pulled the price back to $19,000 in the following hours, indicating the bears are selling on the rally. For now, the $20,000 is becoming a resistance for Bitcoin, and the bears will be active if the price is above this level.
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