Celsius (CEL) is currently witnessing a mid-crisis bounce. After registering for bankruptcy protection in the face of various probes, the token’s value transcended pressure and increased by more than 25 percent on Saturday. Despite the present efforts of its management, the Celsius Network token is exhibiting indications of a revival, according to certain observers. In the past 24 hours, the price of a CEL has increased by approximately 80 percent. CEL Up 30% – Bullish Run In The Offing? CEL was trading at $0.73 at the time of writing, a 30 percent rise over its July 15 closing price. Faced with skepticism and a growing number of withdrawal stoppage, CEL’s price soared from $0.64 to $1.53 on June 19 and June 20. Celsius filed for Chapter 11 bankruptcy late Wednesday in the U.S. Bankruptcy Court for the Southern District of New York. Last month , the company halted withdrawals, swaps, and transfers on its platform, claiming “extreme market volatility.” Suggested Reading | ApeCoin Performance Lags Behind Other Altcoins – Here’s What Happened To APE The worldwide cryptocurrency market capitalization was trading at $928 billion, up more than 3% in the previous 24 hours. T he total trading volume of cryptocurrencies increased almost 3% to $77 billion. The suspension of withdrawals by Celsius Network last month pushed the cryptocurrency market into a gloomy pit, as its bankruptcy petition disclosed...
