Crypto Flipsider News — Market Update; Celsius Sells BTC; Crypto.com FCA License; Coinbase’s New Lawsuit; SEC Sues Dragonchain

Read in the Digest:

Bitcoin and Ethereum lose grip on key levels, EOS rallies 20% in best daily performance

Bankrupt crypto lender Celsius gets approval to sell mined Bitcoin

Crypto.com receives an FCA license to operate within the U.K.

A new lawsuit alleges Coinbase’s lax cybersecurity enabled asset theft

SEC files lawsuit against Dragonchain for offering illegal securities

Bitcoin and Ethereum Lose Grip on Key Levels, EOS Rallies 20% in Best Daily Performance

After days of consolidating around critical levels, Bitcoin and Ethereum have lost their grip as the crypto market slumps.

Bitcoin is down by 7% over the last 24 hours to trade under $23,600, the lowest price BTC has recorded since August 10. The decline comes after Bitcoin failed to break above the critical $25k levels.

The 24-hour price chart for Bitcoin (BTC). Source: CoinMarketCap

The story is the same for Ethereum, Bitcoin’s biggest rival. After trading above $2k for the first time since May, ETH is now recording its second consecutive day in the red. ETH has lost 3.1% in the last 24 hours and trades at $1,860.

The 24-hour price chart for Ethereum (ETH). Source: CoinMarketCap

The bearish sentiment is shared by the majority of the cryptocurrency market, with Shiba Inu (SHIB), Tron (TRX), and UNUS SED LEO (LEO) being the only top 20 cryptos to record gains in the last 24 hours.

Flipsider:

In a predominantly bearish crypto market, EOS is up by more than 20% to claim the top-performer spot in the last 24 hours. The 20% gain today is EOS’s biggest daily gain since May 2021.

The rally of EOS follows the opening of registrations for its upcoming Yield+ incentive program by the EOS Network Foundation. The announcement has both increased demand for EOS and the total value locked on the EOS chain.

The 24-hour price chart for EOS (EOS). Source: