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Celsius Network Announces Disclosure Statement for Chapter 11 Plan

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Today’s Cryptocurrency Headline

Cryptocurrency lending platform Celsius Network announces its Chapter 11 restructuring plan, with a disclosure statement to be submitted on April 12th. Celsius states that the disclosure statement will provide a summary of the restructuring plan, account holders’ fund recovery percentages, FQAs, and information on certain risk factors. Additionally, the statement will provide creditors with “adequate information” to enable them to vote on the restructuring plan initiated by NovaWulf.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Over the last 24 hours, Bitcoin has experienced a 1.47% increase, reaching an intraday high of $28,530.00. In recent days, the leading cryptocurrency has been fluctuating around the $28,000 level, indicating a lack of decisive action from both bulls and bears. The 20-day exponential moving average is flattening out, while the relative strength index (RSI) is gradually approaching the mid-range, reflecting a balance between supply and demand. If Bitcoin’s price remains above the $28,000 threshold, the BTC/USDT pair has the potential to climb to $30,000.


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