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Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again

18 August 2022
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Celsius Token Price Rise Pegged to Market Dynamics Rather Than Fundamentals; BTC Retreats Again
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“In the last 24 hours, we’ve had a little bit of a pullback,” Joe Orsini, director of research at Eaglebrook Advisors, told CoinDesk TV’s “First Mover” program. “When you consider the move that’s been made with bitcoin up around 30% from June 18 lows, ether up about 115%, profit taking without FOMO, and some traders kind of taking some off the table makes sense. It doesn’t change the long-term story [of] $25,000; regaining that level should provide some psychological positivity around the market.”

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