Bitcoin Remains at $20K While Celsius Network (CEL) Skyrockets 28%


The choppy price action has failed to weigh on most cryptocurrencies as they have slightly recovered from the price action resulting in the reclamation of the desired  $1 trillion level by the total market capitalization. In all of this, Celsius Network’s CEL token takes the main stage.

These past 24 hours were quiet for the world’s largest cryptocurrency, Bitcoin. Though the cryptocurrency reclaimed the important $20K level, the market is not convinced that it will yield more or remain at that spot. It is currently trading at around $20,100 on the Binance website.

On Thursday, September 01, 2022, the Binance market saw a nearly $1 trillion level. 23BTC dropped to $19,500, its self-acclaimed lowest level once again. The level is thought to strongly support the cryptocurrency because every time the crypto dips towards it, it prevents a recurring low.

The most obvious outlier of the top 100 coins making headlines in the crypto market seems to be CEL. The cryptocurrency has soared by  28% in the market over the past 24 hours.

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