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Celsius Receives Cash-Injection Offers and Approval to Sell Mined Bitcoin

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Today’s Cryptocurrency Headline

Crypto lending platform Celsius Network lawyer Josh Sussberg said it has received several undisclosed offers to inject funds into the company and has received approval from a U.S. judge to sell the bitcoin it mines. Celsius mined $8.7 million worth of bitcoin in July, but the company’s operating and capital costs exceeded that amount, according to a filing before the hearing.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Dune Analytics data shows that the number of ENS domain names created has exceeded 2 million. Bitcoin is down 2.4% over the last 24 hours and fell to an intraday low of $23,175.84. Bitcoin has been trading around the 20-day exponential moving average (EMA) ($23,488) today, suggesting the 20-day EMA is acting as strong support. The relative strength index (RSI) has dropped close to the midpoint, indicating the bulls are losing control. If the bulls cannot hold the price above the 20-day EMA, the bears will attempt to pull the pair below the 50-day simple moving average (SMA) ($22,221).

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