Celsius Accepts Fahrenheit Bid, Multichain Uncertainty Impacts Fantom
May 26, 2023
Market Update Stocks and crypto rebound after a week of negative price action amid optimism of a potential U.S. debt ceiling deal. The S&P is up 1.2%, while the Nasdaq gained 2.3%. $BTC and $ETH are up 2.1% over the last day. The top two cryptos are seeing near 5-year lows for supply held on exchanges, indicating optimism and demand from users that want to own and use assets on their respective networks. Conversely, when there is an increase in the number of cryptocurrencies deposited to exchanges, it is considered a negative indicator, implying that investors plan on using these platforms to